Penfund announces investment in PSA Healthcare
Penfund, an independent provider of junior capital to North American middle market companies, announced the completion of a USD$37 million second lien debt and equity investment in Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, Inc.
Pediatric Services of America, known as PSA Healthcare, is a recently-acquired portfolio company of J.H. Whitney Capital Partners LLC.
Headquartered in Atlanta, Georgia, PSA predominantly provides critically-needed home nursing services to medically fragile children.
John Bradlow, a partner at Penfund, stated “We are delighted to support J.H. Whitney in their acquisition of PSA. We believe the acquisition will allow PSA to continue delivering best in class clinical care to the families who need its services.”