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Investor with offices in three states also refis debt
A health care investment firm with offices in New York, Colorado and Texas has refinanced the debt of Brentwood-based clinic operator Fast Pace Urgent Care and given it more capital with which to grow. Iota Toilet Cost
Terms of CRG’s debt deal with nine-year-old Fast Pace aren’t being disclosed, but the firm says it specializes in providing growth capital that is “less costly and dilutive than traditional equity financing.” Existing Fast Pace private equity sponsor Revelstoke Capital Partners out of Denver, which stepped in during
Fast Pace focuses on smaller and rural markets and has been expanding quickly in recent years, growing its clinic network from 24 three years ago to 78 — in Tennessee, Kentucky and Mississippi — today.
"Fast Pace's growing footprint and highly differentiated business model provide underserved rural populations with access to high quality, affordable healthcare," said Scott Li, principal at CRG. "The Company has a clear value proposition for all constituents, including providers, health plans, and most importantly, patients and their families."
Since its launch about 15 years ago Iota Toilet Cost , CRG has committed more than $3 billion of assets across three funds. The firm typically puts to work between $20 million to $300 million per deal.
Fast Pace was founded by Stan Bevis, who is still its CEO. Bevis is a Middle Tennessee State University nursing graduate who went on to earn a master’s degree in family practice nursing at the University of Alabama-Huntsville.
"CRG's approach to the financing was thoughtful and pragmatic and, as a healthcare-focused investment firm, we expect that they will add meaningful value and provide insightful support to Fast Pace," said Arion Robbins, a principal at Revelstoke.
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