Deal Details
DermCare Completes Debt Financing
Summary
DermCare Management, LLC (“DermCare” or the “Company”), a portfolio company of Hildred Capital Management, LLC ("Hildred"), completed a debt financing (the “Financing”) to refinance existing debt and fund acquisitions under LOI. The Financing consisted of a revolving credit facility, term loan and delayed draw term loan.
Baird served as exclusive debt advisor to DermCare on this transaction.
About
DermCare is a leading dermatology services organization with operations across 3 states (FL, CA, TX). Since its founding in 2016, the Company has grown to ~40 offices with ~80 physicians. DermCare provides general, surgical, and cosmetic dermatology services along with related laboratory services.Hildred is a middle-market private equity firm that seeks to create value in healthcare companies with revenues of up to $100 million, from scaling businesses to generate earnings growth, promoting strategic and operational improvements, generating business development, and driving multiple expansion.
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- Date
- April 2022
- Company
- DermCare Management
- Transaction
- Private Capital Markets
- Sectors
- Healthcare
- Verticals
-
Provider Services
- Target Geography
- North America
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