DALLAS, April 21,
2023 /PRNewswire/ -- National Partners in Healthcare
("NPH"), a national healthcare organization delivering
best-in-class anesthesiology services and a portfolio company of
Assured Healthcare Partners, has announced that Medstream
Anesthesia Solutions ("Medstream") has joined NPH. Texas Capital
Bank agented and arranged a $125,000,000 senior secured debt facility to
support the acquisition, refinance existing debt and provide growth
capital to NPH. The acquisition financing closed and funded on
April 7, 2023.
![National Partners in Healthcare Logo (PRNewsfoto/National Partners in Healthcare) National Partners in Healthcare Logo (PRNewsfoto/National Partners in Healthcare)](https://mma.prnewswire.com/media/804843/NPH_Logo.jpg)
"We are thrilled to partner with the physicians and staff at
Medstream, as this combination expands NPH's footprint into the
Southeast, Mid-Atlantic, Northeast, Pacific Northwest and
Hawaii," said Mike Saunders, CEO of NPH. "In combination with
NPH's existing operations in the southwestern U.S., we have created
a national platform in anesthesia. We entrusted Texas Capital Bank
to lead our acquisition financing during a time of uncertainty in
the credit market and the team executed. This financing will
support NPH's continued growth and further solidify our market
leadership."
"It was a pleasure to partner with NPH to support its
transformative acquisition of Medstream," said Texas Capital Bank
Head of Corporate & Investment Banking Daniel Hoverman. "NPH's
continued growth is a testament to its management team and its
commitment to providing high-quality services. We are grateful for
the confidence entrusted to our team and for the opportunity to
help NPH achieve this key milestone."
About National Partners in Healthcare
NPH is a
national healthcare organization delivering best-in-class
anesthesiology services. NPH is dedicated to partnering with
high-quality anesthesiologists and CRNAs providing the expertise,
resources and long-term sustainable solutions to their medical
practices. NPH's anesthesiology partners retain autonomy of their
practice while collaborating with each NPH clinical team to achieve
and deliver the highest quality patient care. For more information,
visit www.nphllc.com.
About Texas Capital Bank
Texas Capital Bancshares,
Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and
the S&P MidCap 400®, is the parent company of Texas Capital
Bank, a full-service financial services firm that delivers
customized solutions to businesses, entrepreneurs, and individual
customers. Founded in 1998, the institution is headquartered in
Dallas with offices in
Austin, Houston, San
Antonio and Fort Worth, and
has built a network of clients across the country. With the ability
to service clients through their entire lifecycles, Texas Capital
Bank has established commercial banking, consumer banking,
investment banking and wealth management capabilities.
TCBI Securities, Inc., doing business as Texas Capital
Securities, is a member of FINRA and SIPC and has registered with
the SEC and other state securities regulators as a broker dealer.
TCBI Securities, Inc. is a subsidiary of Texas Capital Bank.
Securities and other investment products offered by TCBI
Securities, Inc. are not FDIC insured, may lose value and are not
bank guaranteed.
For more information, please
visit www.texascapitalbank.com.
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SOURCE National Partners in Healthcare