Ares Management Serves as Administrative and Collateral Agent for Over $1 Billion in New Financing to Support the Recapitalization of GHX
Ares Management (NYSE: ARES) has announced that its Credit fund will serve as the administrative and collateral agent for a financing package exceeding $1 billion to support the recapitalization of Global Healthcare Exchange (GHX).
GHX, founded in 2000, is a leading provider of supply chain software automation solutions in healthcare, connecting suppliers, providers, and distributors. The company serves most healthcare manufacturers, distributors, and GPOs, along with hospitals representing a significant portion of U.S. hospital beds.
The strategic financing aims to strengthen GHX's capital structure and provide flexibility for long-term strategic objectives. Ares has been providing financing to GHX since 2014. GHX is currently a portfolio company of Temasek, with Warburg Pincus as a significant minority owner.
Ares Management (NYSE: ARES) ha annunciato che il suo fondo di credito fungerà da agente amministrativo e di garanzia per un pacchetto di finanziamento superiore a 1 miliardo di dollari per supportare la ricapitalizzazione di Global Healthcare Exchange (GHX).
GHX, fondata nel 2000, è un fornitore leader di soluzioni di automazione del software per la catena di approvvigionamento nel settore sanitario, collegando fornitori, operatori e distributori. L'azienda serve la maggior parte dei produttori, distributori e GPO nel settore sanitario, insieme agli ospedali che rappresentano una parte significativa dei letti ospedalieri negli Stati Uniti.
Il finanziamento strategico mira a rafforzare la struttura patrimoniale di GHX e fornire flessibilità per obiettivi strategici a lungo termine. Ares fornisce finanziamenti a GHX dal 2014. GHX è attualmente una società in portafoglio di Temasek, con Warburg Pincus come importante proprietario di minoranza.
Ares Management (NYSE: ARES) ha anunciado que su fondo de crédito servirá como agente administrativo y de garantía para un paquete de financiamiento superior a 1 mil millones de dólares para apoyar la recapitalización de Global Healthcare Exchange (GHX).
GHX, fundada en 2000, es un proveedor líder de soluciones de automatización de software para la cadena de suministro en el sector de la salud, conectando proveedores, prestadores y distribuidores. La empresa atiende a la mayoría de los fabricantes, distribuidores y GPO en el sector de salud, junto con hospitales que representan una parte significativa de las camas hospitalarias en los Estados Unidos.
El financiamiento estratégico tiene como objetivo fortalecer la estructura de capital de GHX y proporcionar flexibilidad para los objetivos estratégicos a largo plazo. Ares ha estado financiando a GHX desde 2014. GHX es actualmente una empresa en cartera de Temasek, con Warburg Pincus como un importante propietario minoritario.
Ares Management (NYSE: ARES)는 자사의 신용 펀드가 10억 달러 이상의 재정 패키지에 대한 관리 및 담보 대리인 역할을 하여 Global Healthcare Exchange (GHX)의 자본 재구성 지원을 발표했습니다.
GHX는 2000년에 설립되었으며, 공급업체, 제공자 및 유통업체를 연결하는 의료 분야의 공급망 소프트웨어 자동화 솔루션의 주요 제공업체입니다. 이 회사는 대부분의 의료 제조업체, 유통업체 및 GPO에게 서비스를 제공하며, 미국 병원의 상당 부분을 차지하는 병원들과도 협력하고 있습니다.
이번 전략적 재정 조치는 GHX의 자본 구조를 강화하고 장기 전략 목표를 위한 유연성을 제공하는 것을 목표로 하고 있습니다. Ares는 2014년부터 GHX에 재정 지원을 해왔습니다. GHX는 현재 Temasek의 포트폴리오 회사로, Warburg Pincus가 중요한 소수 지분을 가진 소유자입니다.
Ares Management (NYSE: ARES) a annoncé que son fonds de crédit agira en tant qu'agent administratif et de garantie pour un package de financement de plus de 1 milliard de dollars afin de soutenir la recapitalisation de Global Healthcare Exchange (GHX).
GHX, fondée en 2000, est un fournisseur leader de solutions d'automatisation de logiciels de chaîne d'approvisionnement dans le secteur de la santé, connectant fournisseurs, prestataires et distributeurs. L'entreprise sert la plupart des fabricants, distributeurs et GPO de soins de santé, ainsi que des hôpitaux représentant une part significative des lits d'hôpitaux aux États-Unis.
Le financement stratégique vise à renforcer la structure de capital de GHX et à offrir de la flexibilité pour des objectifs stratégiques à long terme. Ares fournit un financement à GHX depuis 2014. GHX est actuellement une société de portefeuille de Temasek, avec Warburg Pincus comme important propriétaire minoritaire.
Ares Management (NYSE: ARES) hat bekannt gegeben, dass sein Kreditfonds als Verwaltungs- und Sicherheitenverwalter für ein Finanzierungs Paket von über 1 Milliarde Dollar dienen wird, um die Rekapitalisierung von Global Healthcare Exchange (GHX) zu unterstützen.
GHX, gegründet im Jahr 2000, ist ein führender Anbieter von Automatisierungslösungen für Software in der Lieferkette im Gesundheitswesen, der Lieferanten, Anbieter und Distributoren miteinander verbindet. Das Unternehmen bedient die meisten Hersteller, Distributoren und GPOs im Gesundheitswesen sowie Krankenhäuser, die einen erheblichen Teil der Krankenhausbetten in den USA repräsentieren.
Die strategische Finanzierung zielt darauf ab, die Kapitalstruktur von GHX zu stärken und Flexibilität für langfristige strategische Ziele zu schaffen. Ares finanziert GHX seit 2014. GHX ist derzeit ein Portfolio-Unternehmen von Temasek, wobei Warburg Pincus einen bedeutenden Minderheitsanteil hält.
- Secured major deal as administrative and collateral agent for $1B+ financing package
- Continues long-term relationship with GHX since 2014, demonstrating stable client retention
- Expands presence in healthcare sector through partnership with leading industry player
- None.
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The transaction is particularly significant for three reasons:
- It strengthens Ares' foothold in the healthcare technology sector, a rapidly growing market segment with defensive characteristics and strong secular tailwinds
- The deal demonstrates Ares' ability to support portfolio companies through multiple growth phases, potentially leading to additional fee-generating opportunities
- The presence of prestigious co-investors like Temasek and Warburg Pincus validates the investment thesis and could lead to future collaboration opportunities
For Ares shareholders, this transaction represents potential revenue growth through origination fees and ongoing management fees. The deal's structure as both administrative and collateral agent suggests multiple revenue streams, while the long-term nature of the relationship with GHX indicates stable, recurring fee income.
The strategic positioning in healthcare technology financing could prove particularly valuable given the sector's resilience and growth potential. As healthcare organizations continue to prioritize operational efficiency and digital transformation, Ares' demonstrated expertise in this space could lead to additional high-quality lending opportunities.
Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GHX serves the majority of healthcare manufacturers, distributors and GPOs alongside hospitals representing a high percentage of total
“Since first providing financing to GHX in 2014, we have seen the progression of GHX’s compelling solutions offering, blue chip customer base and track-record of performance all while maintaining its focus on a healthy balance sheet,” said Brian Kim, Partner in the Ares Credit Group. “We are pleased to continue building on our relationship with the GHX team through this latest investment, which we believe will help the company to further reinforce its differentiated position as they capitalize on long-term growth opportunities.”
“We appreciate Ares’ continued confidence in GHX’s vision,” said Tina Vatanka Murphy, President and CEO of GHX. “This strategic financing strengthens our ability to invest in innovation and further support healthcare organizations in improving operational efficiency and patient outcomes. With this support, GHX is well positioned to continue executing on its growth strategy while delivering the solutions our customers rely on to navigate an evolving healthcare landscape.”
GHX is a portfolio company of Temasek, an investment company based in
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over
About GHX
Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX’s suite of cloud-based supply chain solutions, visit www.ghx.com and The Healthcare Hub.
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Jacob Silber, +1-212-301-0376
media@aresmgmt.com
Source: Ares Management Corporation
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