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Univita Health Secures $40MM Credit Facility From Genstar Capital

March 18, 2015, 07:14 AM
Filed Under: Healthcare

Univita Health, the nationwide leader in post-acute and home healthcare solutions, has secured a credit facility of $40M from Genstar Capital and a private lender. The credit facility will be used to fund Univita’s future growth supporting the expansion of the company’s health plan partners.

In 2014, Univita added 1 million Medicaid members in Florida. Univita manages care for more than 5 million health plan members and provided over 3.2 million home health, durable medical equipment and infusion pharmacy visits in 2014.

"We are pleased to continue our longstanding relationship with Genstar Capital,” said Michael Muchnicki, President and Chief Executive Officer of Univita Health. “Univita is the leader in homecare innovation. We look forward to growing and expanding with proven solutions that are changing the way patients recover and heal in the comfort of their homes.”

“Genstar is committed to advancing Univita’s mission of transforming the healthcare experience in the home with trusted and caring solutions,” said Robert J. Weltman, Managing Director of Genstar Capital. “Today’s announcement reaffirms our commitment to Univita and paves the way for a successful continued partnership with the Univita team.”

Univita specializes in the management and utilization of complex, home health services, DME and infusion pharmacy services, primarily in the government sector. Univita is contracted with more than 20 Medicare Advantage and Medicaid plans.

Genstar Capitalis a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $3 billion, and targets investments focused on selected sectors within the healthcare, software, industrial technology and financial services industries.





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