SLR Healthcare ABL recently closed a $3MM asset-based revolving credit facility for a behavioral health provider (“Company”). The Company provides a comprehensive array of services to children and adults dealing with behavioral health, educational and developmental disabilities. These services are provided in one of twenty-two outpatient locations, the patient’s home, clinics, day centers and private school settings. The Company’s equity sponsor sought financing to replace the existing bank credit facility that was limiting the company’s growth. SLR Healthcare ABL was able to structure a credit facility that provided additional working capital and the ability to grow along with the Company’s long-term strategic plan.
