Healthcare Funding Partners (HFP) is pleased to announce the successful closing of a $180 million Senior Secured Credit Facility. J.P. Morgan served as Sole Bookrunner and Joint Lead Arranger, with Citi as the supporting Joint Lead Arranger.
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Michael S. Hilf, Chief Executive Officer of Healthcare Funding Partners, shared his perspective on the new financing stating, “Our team is incredibly excited about our new bank partners, which allows our company to have the financial capability to execute on both our organic and M&A growth strategies. We look forward to the successful completion of our first strategic acquisitions.”
Healthcare Funding Partners operates two core businesses: an insurance agency specializing in Health, Life, Medicare, and ancillary insurance products, and HFP Investments, LLC, its strategic investment arm dedicated to equity and strategic partnerships within the insurance distribution sector.
Chad I. Sokoloff, Chief Operating Officer of Healthcare Funding Partners, commented on the transaction stating, “The J.P. Morgan banking team executed this transaction with ease and professionalism. We are pleased to be supported by these banks and look forward to the continued relationship.”
Healthcare Funding Partners was advised on the transaction by Houlihan Lokey, who served as Exclusive Financial Advisor and Placement Agent.
About Healthcare Funding PartnersHealthcare Funding Partners a leading healthcare insurance distribution company operating in the Affordable Care Act, Medicare Advantage, and ancillary insurance product markets. HFP works with the largest insurance carriers in the industry, including Aetna, United Healthcare, Blue Cross Blue Shield, Cigna, and Ambetter, delivering high-quality, affordable health insurance to its customers.
Investor Relations:Michael S. Hilf(CEO):mhilf@healthcarefundingpartners.com/ (646) 415-2223Chad I. Sokoloff(COO):csokoloff@healthcarefundingpartners.com/ (352) 219-7191
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SOURCE Healthcare Funding Partners
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