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MCG Capital Provides $23.7MM in Oceans Healthcare Acquisition

January 30, 2013, 07:06 AM

MCG Capital announced the closing of a $23.7 million investment in Oceans Acquisition Inc. MCG’s investment consists of a senior secured unitranche credit facility and revolving line of credit.

Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG’s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.

MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States.

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