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Brightwood Capital Advisors Provides $75MM Financing to Support The Corridor Group’s Latest Acquisition

April 19, 2023, 07:00 AM
Filed Under: Business Services

Brightwood Capital Advisors, a middle market private credit firm, has grown its existing senior secured credit facility to over $75 million with The Corridor Group to support the acquisition of Comprehensive Healthcare Solutions, LLC (“CHS”).

CHS was founded in 2009 and is based in Lakewood, NJ. CHS provides a fully outsourced RCM solution to skilled nursing facilities by handling all associated accounts receivable (“A/R”) management including billing, payments and remittances, denied claims resolution, and pursuit of payment for unpaid accounts. CHS also offers ancillary services such as office management, change of banking instructions for payors, completion of Medicare and Medicaid applications for patients, and payor contracting, among others.

“Corridor has been a long-term partner to Brightwood since our initial partnership in 2020. Since then, we have supported the Company through two additional acquisitions,” said Kunal Shah, Managing Director at Brightwood. “We look forward to continuing our partnership with Corridor as they provide their customers with further scale and additional service offerings.”

“We are pleased to continue our relationship with Brightwood through this latest transaction,” said Des Varady, CEO at Corridor. “With Brightwood’s support, we remain confident in Corridor’s success and long-term growth.”

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