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Citizens Bank Leads $220MM in Acquisition Financing for Avista Capital Partners

June 30, 2017, 07:37 AM
Filed Under: Healthcare

Citizens Bank announced that Citizens Commercial Banking led a $220 million credit facility to support Avista Capital Partners’ acquisition of National Spine & Pain Centers from Sentinel Capital Partners. Citizens is Left Lead Arranger and Administrative Agent.
National Spine & Pain Centers is a leading management services organization serving 69 interventional pain management clinics across seven states in the Mid-Atlantic and Northeast.

“Avista Capital Partners’ acquisition of National Spine & Pain Centers demonstrates the strength of Citizens’ sponsor and healthcare teams working together with our clients,” said Doug Cornett, managing director of healthcare banking at Citizens Commercial Banking. “Helping sponsors by providing acquisition financing is just one of the ways that Citizens delivers value for clients at every stage of their business life cycle.”
Citizens is a strategic and financial partner, offering deep expertise, great ideas and seamless deal execution. The Citizens Commercial Banking approach puts clients first, and offers solutions that help clients make the best decisions throughout the life cycle of their business.

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