Nashville, TN – Brentwood Capital Advisors LLC, based in Nashville, recently acted as the exclusive financial advisor to Passport Health Communications, Inc. arranging $144 million in debt financing. Goldman Sachs Specialty Lending Group, LP provided the financing. This financing restructured Passport’s existing debt, funded multiple acquisitions and provides additional funding capacity for future acquisitions.
“This financing validates the lenders views of the strength of our company and the services provided to our clients,” stated Jim Lackey, Passport chairman and CEO. “In addition, this transaction provides capital to fund our aggressive plans for continued organic growth and selective acquisitions.”
“Passport is a rapidly growing leader in healthcare revenue cycle services,” stated Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We are delighted to continue to work with Passport as its exclusive financial advisor and be associated with such a high quality company and management team. We look forward to helping the company achieve its goals of continued growth and industry leadership for the short and long term.”
About Passport Health Communications
Passport Health Communications, Inc. is a healthcare technology provider with corporate offices in Franklin, Tennessee, and King of Prussia, Pennsylvania. Passport’s products and services are used in more than 1,500 hospitals and 2,800 physician’s clinics and outpatient centers in all 50 states. The company delivers a range of administrative, clinical and financial tools via real-time, batch and integrated technology to improve the efficiency and accuracy of the revenue cycle process. For more information, visit www.passporthealth.com.
About Brentwood Capital Advisors LLC
Brentwood Capital Advisors LLC (BCA), founded in 1999, is a privately held investment bank headquartered in Nashville, Tennessee, providing mergers and acquisition and capital-raising advisory services to middle-market healthcare and business services companies. Since 2002, BCA has completed 31 financial advisory transactions as exclusive financial advisor with healthcare services transactions representing 25 of its 31 assignments.