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Abacus Finance Provides Senior Debt Financing to Support Refinancing of Receivable Solutions

June 25, 2021, 07:35 AM
Filed Under: Specialty Industries

Abacus Finance Group served as Administrative Agent and Co-Lead Arranger of senior secured credit facilities to support the refinancing of Receivable Solutions by WestView Capital Partners.

Headquartered in Columbia, SC, Receivable Solutions has been successfully providing accounts receivable management services to the healthcare industry for over 20 years. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds.

“As always, Abacus made the refinancing process seamless and quick, which allowed the management team to continue executing successfully on our plan,” said WestView Capital’s General Partner Matt Carroll.

“We are very pleased to be partnering with firms that are among the top investors and companies in the revenue cycle management space. Both are true standout professionals in their areas of expertise,” said Tim Clifford, President and CEO of Abacus. “RSI continues to be a strong performer, growing at rates significantly ahead of its peers,” added Abacus Managing Director and COO Sean McKeever. “We continue to be a supportive partner and are excited by RSI’s future prospects, which are fully supported by our Total Partnership Approach™.”

Abacus team members involved in the transaction included Sean McKeever and Joseph Lee. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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