NEW YORK, Dec. 19, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Bookrunner, and Lead Arranger, it provided a GOLD financing to Thomas H. Lee Partners, L.P. (“THL”) to finance its strategic partnership with Professional Physical Therapy (“ProPT”). GOLD financings are Golub Capital One-Loan Debt facilities.
Professional Physical Therapy, headquartered in Uniondale, New York, is an award-winning, leading provider of physical therapy and rehabilitation services. Founded in 1998, Professional Physical Therapy operates, through its affiliated professional practices, 106 outpatient physical and hand therapy centers throughout the New York metropolitan area, New Jersey and Connecticut, including 12 located within Equinox Fitness Centers. The company’s outpatient physical therapy and rehabilitation centers provide treatment to patients suffering from musculoskeletal impairments associated with orthopedic and sports injuries and other medical conditions. Additionally, Professional Physical Therapy operates a 20,000 square foot sports performance training facility in Garden City, New York.
“We are excited to continue our financing support of ProPT and partner with THL to help with the next phase of the company’s growth. THL and management both bring an exceptional level of expertise in the orthopedic outpatient physical therapy industry, and we look forward to helping them achieve and surpass their goals,” said Greg Cashman, Senior Managing Director at Golub Capital.
This transaction represents Golub Capital’s fifth transaction alongside THL, and second transaction with Professional Physical Therapy.
About Golub Capital Middle Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.
Golub Capital is a nationally recognized credit asset manager with over $18 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling finance solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York, and San Francisco. For more information, please visit www.golubcapital.com
About Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. is one of the world’s oldest and most experienced private equity firms. The firm invests in growth-oriented businesses, headquartered principally in North America, across three broad sectors: consumer and healthcare, media and information services, and business and financial services. Since its founding in 1974, THL has raised over $20 billion of equity capital and invested in more than 130 businesses with an aggregate purchase price of more than $150 billion. THL strives to build great companies of lasting value and generate superior investment returns. For more information, please visit www.thl.com.
SOURCE Golub Capital
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