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Capitala Finance Provides $10MM to American Clinical Solutions

June 24, 2015, 07:29 AM
Filed Under: Medical

Capitala Finance Corp. recently invested $10 million in the senior secured debt of American Clinical Solutions, LLC (ACS), a leading provider of compliance regulated drug testing to aid physicians in the monitoring and managing of prescription pain medication intake and levels.

Headquartered in Sun City Center, Florida, ACS has developed a proprietary testing method with enhanced detection ability and improved accuracy. In addition to detecting improper use of prescribed and illicit drugs, ACS's testing method helps healthcare providers monitor the efficacy of prescription regimens and alter the dosing scheme in response to changes in a patient's health status, behavior or other variables, helping patients achieve better outcomes while providing a higher level of safety.

Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. Capitala Finance Corp. is managed by Capitala Investment Advisors, LLC.

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