Chicago, Illinois– NXT Capital announced today that it has provided an $80 million senior secured credit facility to support Tailwind Capital’s acquisition of Abode Healthcare.
NXT Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner for this transaction.
“We are excited to partner with Tailwind on the Abode transaction. We are looking forward to working closely with the Tailwind and Abode teams to support the company’s continued growth and development,” said Stuart Smartt, Managing Director and Head of Healthcare for NXT Capital.
Based in Durango, Colorado and founded in 2012 by CEO Mike McMaude, Abode Healthcare provides a full spectrum of patient-centric hospice and home health services in attractive, growing markets across the United States. Abode’s service offerings are thoughtfully tailored to patients and families, with focused attention given to individual needs and preferences.
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since inception, Tailwind has managed over $3 billion of committed equity capital, and has invested in 37 portfolio companies and 60 add-ons.
NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix.