National Partners in Healthcare Secures $125 Million Credit Facility Agented by Texas Capital Bank to Finance Growth
DALLAS, TEXAS, April 21, 2023 — National Partners in Healthcare (“NPH”), a national healthcare organization delivering best-in-class anesthesiology services and a portfolio company of Assured Healthcare Partners, has announced that Medstream Anesthesia Solutions (“Medstream”) has joined NPH. Texas Capital Bank agented and arranged a $125,000,000 senior secured debt facility to support the acquisition, refinance existing debt and provide growth capital to NPH. The acquisition financing closed and funded on April 7, 2023.
“We are thrilled to partner with the physicians and staff at Medstream, as this combination expands NPH’s footprint into the Southeast, Mid-Atlantic, Northeast, Pacific Northwest and Hawaii,” said Mike Saunders, CEO of NPH. “In combination with NPH’s existing operations in the southwestern U.S., we have created a national platform in anesthesia. We entrusted Texas Capital Bank to lead our acquisition financing during a time of uncertainty in the credit market and the team executed. This financing will support NPH’s continued growth and further solidify our market leadership.”
“It was a pleasure to partner with NPH to support its transformative acquisition of Medstream,” said Texas Capital Bank Head of Corporate & Investment Banking Daniel Hoverman. “NPH’s continued growth is a testament to its management team and its commitment to providing high-quality services. We are grateful for the confidence entrusted to our team and for the opportunity to help NPH achieve this key milestone.”
About National Partners in Healthcare
NPH is a national healthcare organization delivering best-in-class anesthesiology services. NPH is dedicated to partnering with high-quality anesthesiologists and CRNAs providing the expertise, resources and long-term sustainable solutions to their medical practices. NPH’s anesthesiology partners retain autonomy of their practice while collaborating with each NPH clinical team to achieve and deliver the highest quality patient care. For more information, visit www.nphllc.com.
About Texas Capital Bank
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.
TCBI Securities, Inc., doing business as Texas Capital Securities, is a member of FINRA and SIPC and has registered with the SEC and other state securities regulators as a broker dealer. TCBI Securities, Inc. is a subsidiary of Texas Capital Bank. Securities and other investment products offered by TCBI Securities, Inc. are not FDIC insured, may lose value and are not bank guaranteed.
For more information, please visit www.texascapitalbank.com.