Chicago, Illinois – NXT Capital today announced that it has provided a $91.5 million senior secured facility to fund GTCR’s acquisition of Correctional Healthcare Companies, Inc.
NXT Capital was the Joint Lead Arranger, Joint Bookrunner and Administrative Agent for this transaction.
Correctional Healthcare (www.correctioncare.com) provides industry-leading inmate healthcare services to jails and prisons across the country, and is the only outsourced provider addressing the full spectrum of healthcare needs across the corrections market. The company provides fully-staffed managed healthcare to correctional facilities, serving over 64,000 inmates in more than 250 correctional facilities across 26 states. Additionally, Correctional Healthcare provides community-based mental health services to over 20,000 probationers and parolees annually, and assists more than 250 local courts with their probation management services.
Founded in 1980 and headquartered in Chicago, GTCR (www.gtcr.com) is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. Since its inception, GTCR has invested more than $10 billion in over 200 companies.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.