RADNOR, Pa., Feb. 2, 2021 /PRNewswire/ — LBC Credit score Companions (“LBC”), one of many main suppliers of financing options to center market corporations, supplied a senior secured credit score facility to assist LightBay Capital’s funding in Rancho Household Medical Group (“Rancho Household”).
The funding from LightBay will enable Rancho Household to put money into new and current care facilities, in addition to extra know-how instruments, which can facilitate the Firm’s continued progress.
LBC served as Agent and Sole Lead Arranger for the senior secured credit score facility.
Rancho Household has been a fixture in Southwest Riverside County since 1942. It’s the oldest household follow group within the Temecula Valley with practically 50 suppliers who handle 50 thousand lives throughout 20 clinic, senior heart, pressing care, senior nursing facility, and hospital places.
LightBay Capital is a Los Angeles-based growth-focused non-public fairness agency that applies a versatile capital strategy to middle-market investing. Primarily centered on the healthcare, client, and enterprise companies industries, LightBay invests throughout the capital construction and in all market environments to assist speed up the expansion of high-quality corporations.
About LBC Credit score Companions
LBC Credit score Companions supplies center market and small-cap financing options supporting sponsored and non-sponsored transactions all through the U.S. throughout a broad vary of industries. With over $three billion of capital commitments, we’ve supplied in extra of $7.four billion to over 250 issuers all through our 16-year historical past. * LBC is headquartered within the Philadelphia space and has workplaces in Atlanta, Chicago, Los Angeles and New York. To study extra, go to www.lbccredit.com. *Info as of September 30, 2020.
LBC Credit score Companions
555 East Lancaster Avenue, Suite 450
Radnor, PA 19087
E-mail: [email protected]
SOURCE LBC Credit score Companions