Capital Southwest Supports Enhanced Healthcare Partners’ Refinancing of NeuroPsychiatric Hospitals
Capital Southwest Corporation (CSWC) announced its support for Enhanced Healthcare Partners in refinancing NeuroPsychiatric Hospitals (NPH). As the sole administrative agent in this credit facility, CSWC is contributing to NPH's expansion, which focuses on providing care for patients with complex psychiatric and medical needs. CSWC's net assets were approximately $336 million as of March 31, 2021, and it specializes in middle market lending, offering flexible financing solutions ranging from first lien to non-control equity co-investments.
- CSWC leads the financing transaction for NPH, enhancing its position in the healthcare sector.
- NPH's care model addresses complex medical and psychiatric needs, potentially expanding patient base and improving outcomes.
- CSWC's net assets were significant at approximately $336 million, supporting its lending capabilities.
- Forward-looking statements include risks related to market changes, economic conditions, and the impact of COVID-19 on business operations.
DALLAS, June 01, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it recently supported Enhanced Healthcare Partners (“EHP”) in its refinancing of NeuroPsychiatric Hospitals (“NPH”). Capital Southwest led the financing transaction and serves as the sole administrative agent on the credit facility.
“We are excited to partner with EHP and NPH as they continue to expand their geographical footprint and provide critical care to an underserved patient population.” stated Josh Weinstein, Senior Managing Director of Capital Southwest. Grant Eason, Senior Vice President of Capital Southwest, said “NPH is able to care for patients with complex medical and psychiatric needs, offering a compelling value proposition both to its patients and to the broader healthcare community.”
NPH specializes in providing care for patients with complex behavioral, neuropsychiatric, and medical issues at its inpatient psychiatric facilities. The company utilizes an integrated healthcare model at each of its hospitals and provides care through an interdisciplinary team consisting of highly trained and qualified physicians, nurses, and other healthcare professionals. By creating an individualized treatment plan specific for the complex needs of its patients, NPH can ensure that all psychiatric, neurological, and medical conditions are addressed to reduce hospital readmissions and deliver best-in-class outcomes.
About Capital Southwest
Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately
About Enhanced Healthcare Partners
Enhanced Healthcare Partners is a leading healthcare-focused private equity firm dedicated to making minority and majority investments in founder and entrepreneur-led lower middle-market companies. The EHP team has managed approximately
Forward-Looking Statements
This press release contains historical information and forward-looking statements with respect to the business and investments of Capital Southwest. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; regulatory changes; tax treatment and general economic and business conditions; our ability to operate our wholly owned subsidiary, SBIC I, as an SBIC; and uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets and the global and U.S. economy, the length and duration of the COVID-19 outbreak in the United States as well as worldwide and the magnitude of the economic impact of that outbreak; the effect of the COVID-19 pandemic on our business prospects and the operational and financial performance of our portfolio companies, including our ability and their ability to achieve their respective objectives, and the effects of the disruptions caused by the COVID-19 pandemic on our ability to continue to effectively manage our business.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest's Annual Report on Form 10-K for the year ended March 31, 2021 and subsequent filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.
Investor Relations Contact:
Michael S. Sarner, Chief Financial Officer
214-884-3829
FAQ
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