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Golub Capital Provides One-Loan Debt Facility to Thomas H. Lee Partners, L.P.

December 20, 2016, 07:09 AM
Filed Under: Healthcare
Related: Golub Capital

Golub Capital announced 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.

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