NEW YORK, Sept. 17, 2014 (GLOBE NEWSWIRE) -- All Metro Health Care Services, Inc. ("All Metro") is a leading provider of home care services to patients in New York, New Jersey and Florida. All Metro provides a wide range of services from basic assistance, such as providing a homemaker to assist with meal preparation and light housekeeping or a home health aide to provide assistance with daily living activities, to complex home nursing services provided by around-the-clock Registered Nurses.
Nautic Partners, LLC ("Nautic") is a middle-market private equity firm which targets investments with strong market share and growth potential, identified value enhancement opportunities and strong management teams. Nautic partnered with management to acquire All Metro.
Healthcare Finance Group ("HFG"), a portfolio company of Fifth Street Finance Corp., underwrote the transaction and acted as Sole Lead Arranger and Lender for the financing.
"We were very pleased to work with HFG on the All Metro transaction. Their healthcare industry experience enabled them to truly understand why we believe that All Metro is well positioned to serve as a value-added provider in its core states and why it is ideally positioned for further growth," said Chris Crosby, Managing Director of Nautic. "HFG was able to execute the transaction in a timely and expedited manner and we are very pleased with the results."
"We have had excellent experience working with HFG in the past and are grateful for their continued support during this exciting period," said David Middleton, President and CEO of All Metro. "HFG's financial expertise and their excellent client service have been very important to us and we are glad they will continue to be our partner going forward."
Patrick Reid, Senior Vice President, Portfolio & Underwriting Manager for HFG said, "We are very glad to be able to continue to build on our solid relationship with the excellent All Metro team and look forward to working with Nautic going forward. We strongly believe that All Metro is poised for growth and we are excited to be All Metro's partner during this promising time."
ABOUT ALL METRO HEALTH CARE SERVICES, INC.
All Metro is a leading provider of home and community based services in New York, New Jersey and Florida. It was founded in 1955 and is headquartered in Lynbrook, NY. All Metro is a leading licensed home care agency providing non-skilled personal care aide services, including light housekeeping, homemaking, bathing and grooming, as well as operating under two specialty home care programs in New York to provide skilled nursing to seniors and high needs individuals. For more information, see www.all-metro.com.
ABOUT NAUTIC PARTNERS, LLC
Founded in 1986, Nautic is a middle-market private equity firm with over $2.5 billion of assets under management. The firm has completed 118 transactions in partnership with management. Nautic targets equity investments of $25-$75 million, representing majority ownership in niche businesses with strong market share and growth potential, identified value enhancement opportunities and strong management teams. Areas of focus include business services, manufacturing and healthcare. For more information, please visit www.nautic.com.
ABOUT HEALTHCARE FINANCE GROUP, LLC
HFG was founded in 2000 and is one of the oldest national specialty finance lenders exclusively dedicated to providing debt to middle market healthcare companies. Today, HFG provides senior debt financing for transactions ranging from $5 million to $500 million. Known for its healthcare expertise, excellence in execution and unparalleled quality client service, HFG custom-tailors its financing solutions to meet the specific needs of each client. HFG is a portfolio company of Fifth Street Finance Corp. (Nasdaq:FSC), one of the largest publicly-traded business development companies by market capitalization in the U.S. and a leading provider of comprehensive financing solutions to small and mid-sized companies. For more information, see www.hfgusa.com.