HFG Arranges $44.5 Million Credit Facility for Genoa Healthcare
Summary
Based in Tukwila, WA, Genoa is a specialty pharmacy operator in the United States focused exclusively on serving the mental health community. HFG is part of the syndicate of lenders that closed a $44.5 million senior secured credit facility to support Genoa’s growth and equity investment by Beecken Petty O’Keefe & Company. They came through as promised which was instrumental in closing this acquisition under the structure and timing desired by us,” said Troy Phillips, principal of Beecken Petty. We are pleased to expand this long time mutually beneficial relationship and to be able to provide Genoa with the flexible financing facility they need to grow the company.” Jim Gelwicks, HFG’s managing director and head of Syndications and Investment Banking, added, “This transaction continues to demonstrate our ability to work with clients, private equity investors and other lending institutions to develop creative solutions where HFG is able to underwrite sponsored healthcare-based finance deals and provide customized solutions to meet their individual needs. The confidence that both Beecken Petty and Genoa placed in our ability to execute in a very short time frame was very gratifying.” HFG is a specialty lender dedicated exclusively to providing debt financing to healthcare companies.