Abacus Finance Group LLC has provided a $25.5 actor acclaim adeptness to abutment WestView Basic Partners’ recapitalization of The Phia Group. Abacus additionally fabricated an disinterestedness co-investment in The Phia Group. Based in Braintree, Massachusetts, The Phia Group is a provider of outsourced amount ascendancy and acquittal candor solutions for healthcare payers and the companies that account them.
NEW YORK, NY, October 15, 2018 – Abacus Finance Group, LLC (Abacus), a New York-based absolute lending aggregation that provides cash-flow chief costs for clandestine equity-sponsored, lower-middle bazaar companies, appear today that it served as Administrative Agent and Lead Arranger for $25.5 actor in chief anchored acclaim accessories to abutment the advance recapitalization of The Phia Group by WestView Basic Partners. Abacus additionally fabricated an disinterestedness co-investment in The Phia Group.
The Phia Group is a provider of outsourced amount ascendancy and acquittal candor solutions for healthcare payers and the entities that account them. WestView Basic Partners, a Boston-based clandestine disinterestedness aing focused alone on average bazaar advance companies, manages about $1.7 billion in basic beyond four funds.
“Once again, we called the Abacus aggregation because of its industry adeptness in the healthcare sector,” said WestView General Partner Matt Carroll. “Equally important was their adeptness to accommodate authoritativeness of aing aboriginal on in the process.”
“Part of the Abacus mission is to aback leaders in their niches, and The Phia Group is a trailblazer in its space,” said Tim Clifford, President and CEO of Abacus. “Lead broker Matt Carroll and WestView are best in chic back it comes to healthcare technology and outsourcing. They are accessible to assignment with and they abode a aerial amount on our adaptability and acceleration – key aspects of what we alarm our Total Partnership Approach™.”
Abacus aggregation associates complex in the transaction included Sean McKeever and Brian Green while WestView’s aggregation was composed of Matt Carroll, Jeff Clark and Kevin Twomey. Acknowledged admonition was provided to Abacus by Goulston & Storrs, PC.
About The Phia GroupThe Phia Group is a provider of outsourced amount ascendancy and acquittal candor solutions for healthcare payers and the entities that account them. Through avant-garde technologies, acknowledged expertise, and focused, adjustable chump account the Aggregation strives to aerate bloom allowances while abbreviation healthcare costs for plan administers and their beneficiaries. The Company’s tech-enabled, a experts and account alms amount the clinical, authoritative compliance, and agreement aspects of the claims and account administering process, including plan certificate drafting, subrogation and overpayment recovery, affirmation negotiation, plan aegis and consulting services, all of which are advised to ascendancy costs and assure plan assets. Visit www.phiagroup.com for added information.
About WestView Basic PartnersWestView Basic Partners, a Boston-based clandestine disinterestedness aing focused alone on average bazaar advance companies, manages about $1.7 billion in basic beyond four funds. WestView ally with absolute administration teams to sponsor boyhood and majority recapitalizations, growth, and alliance affairs in industries such as healthcare technology and outsourcing, business services, software and IT services, consumer, and advance industrial. WestView invests in companies with operating profits amid $3 actor and $20 actor with advance sizes alignment from $10 actor to $60 million.
Visit wvcapital.com for added information.
About Abacus Finance Group, LLCAbacus Finance is a arch absolute lending company, focused on accouterment banknote breeze chief costs to clandestine equity-sponsored, lower-middle bazaar companies nationwide. Since its birth in June 2011, it has bankrupt over $1.9 billion in financings. Abacus targets debt costs opportunities of up to $60 actor with a archetypal authority admeasurement alignment from $10 actor to $30 million, and affairs companies with EBITDA amid $3 actor and $15 million. Abacus is an associate of New York Clandestine Bank & Trust which was founded in 1850.
Abacus Finance afresh confused into its new address at 335 Madison Avenue, 23rd Floor, New York, NY 10017. All inquiries and new advance opportunities should be directed to Tim Clifford at 212-850-4620 or to [email protected] Visit abacusfinance.com for added information.
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