Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Ascend Capital Partners’ acquisition of Unison Therapy Services.
NXT Capital acted as Joint Lead Arranger and Joint Bookrunner on this transaction.
“We are grateful for the support provided by NXT Capital. Their commitment to this investment helps Unison deliver critical and high-quality behavioral health care to students in their schools and communities,” said Gabriel Oriente, Principal, Ascend Capital Partners. “We look forward to continued collaboration in the future.”
Ascend Capital Partners (“Ascend”) is a growth-oriented, healthcare-focused private equity partnership whose mission is to build thriving communities by investing in companies and entrepreneurs who are improving healthcare access, affordability, and quality for vulnerable and underserved populations. Founded in 2019, Ascend is led by co-founders In Seon Hwang, former global head of Healthcare at Warburg Pincus and member of the Executive Management Group, and Dr. Richard Park, founder and former CEO of CityMD, a leading patient-centric healthcare services company in New York and New Jersey.
Unison Therapy Services (“Unison”) is one of the largest outsourced therapy providers for underserved students in the California market. Founded in 1989, Unison provides Pre-K – 12 therapeutic services in school- and community-based settings. The Company outsources its network of clinicians to meet school district and community-based demand.
NXT Capital provides structured financing solutions through its Direct Lending group and targets U.S.-based borrowers with EBITDA between $5 million and $50 million. Since NXT Capital’s inception in 2010, their Direct Lending team has closed over $30 billion in loan commitments in more than 500 platform transactions. NXT Capital is based in Chicago with offices in Atlanta, Dallas, and New York and is the direct lending focused wholly-owned subsidiary of ORIX Corporation USA.