Antares Capital announced is serving as administrative agent and joint lead arranger on a USD136 million senior secured credit facility to support the acquisition of Meadows Behavioural Healthcare (The Meadows) by Kohlberg & Company (Kohlberg).
Upon the acquisition of The Meadows, Kohlberg announced the formation of Alita Care (Alita), which will serve as the parent holding company for The Meadows and Kohlberg’s existing portfolio company, Sunspire Health, LLC (“Sunspire”). The Meadows and Sunspire will continue to operate as independent brands within Alita, while exploring ways to improve patient care through the sharing of best practices.
“We are thrilled to be working with Antares on the Alita transaction,” says Evan Wildstein, partner of Kohlberg. “The Antares team once again provided timely and flexible financing and supported us with a meaningful commitment.”
“Having worked with the Kohlberg team for many years, we have confidence in their healthcare investment strategy and believe in their vision for Alita,” says Chet Zara, senior managing director with Antares Capital. “We are looking forward to supporting the growth opportunities that arise from bringing two industry leading companies together under Kohlberg’s ownership.”
