Medical Guardian Refinances With Apollo Capital Management
Medical Guardian LLC took part in a $105 million refinancing of its senior credit facility. Imperial Capital LLC served as the exclusive financial advisor, and the refinancing was led by funds advised by Apollo Capital Management LP and its affiliates. Apollo will become Medical Guardian's new primary financing partner for the company's next stage of growth. The capital provided will be used to refinance their existing senior credit facility as well as fund growth costs associated with new subscriber acquisition and channel expansion.
"Medical Guardian is well positioned to take advantage of strong secular trends in the PERS industry with the aging U.S. population and rapidly rising healthcare costs,” said John E. Mack III, executive vice president and co-head of investment banking at Imperial Capital. “The refinancing sets the stage for the company to continue to grow its best in class DTC strategy while expanding its retail and healthcare footprint.”