The SLR ABL platform closed a $200 million senior credit facility for Modivcare TopCo, a technology-enabled healthcare services company providing a platform of supportive care solutions focused on improving health outcomes.
“This financing provides Modivcare with enhanced financial flexibility as we continue the successful execution of our strategic priorities,” Daniel Silvers, chairman of Modivcare’s board of managers, said. “SLR’s deep understanding of the healthcare sector and collaborative approach made them an ideal financing partner. We appreciate their support and look forward to working together as we continue delivering technology-enabled solutions that improve access to care and health outcomes.”
Tanner Phifer of SLR ABL added, “Modivcare serves a mission-critical segment of the healthcare sector, and we are thrilled to support the company’s strategic and financial objectives.”
Tom Schneider of SLR ABL said, “We are pleased to work with Modivcare’s team and their advisor, Moelis & Company, on this transformative transaction. Our healthcare ABL expertise enabled us to structure a creative and flexible solution to support the company’s liquidity needs and corporate initiatives.”