TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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July 20, 2021
Source: Businesswire
Alignment Credit, a leading provider of strategic credit solutions for emerging growth and middle-market companies, acted as the sole lead arranger and administrative agent on up to $20.0 million senior secured credit facilities for MindCare Solutions Group, Inc. (“MindCare”), in order to support MindCare’s acquisition of TriCounty Tele Behavioral Services, LLC (“TriCounty”) and other strategic initiatives.
MindCare, a portfolio company of WP Global Partners, is a leading provider of telepsychiatry and telebehavioral health services based in Nashville, Tennessee. TriCounty offers a wide range of telebehavioral health care and telepsychiatry services across the Orlando Metro area.
Vadim Margulis of Alignment Credit said, “Alignment Credit appreciates the opportunity to support WP Global Partners and MindCare and TriCounty management teams as they continue to execute on their successful acquisition and organic growth strategy. We are confident in the ability of the combined company to meet the growing demand for high quality telebehavioral health solutions across the US and create value for all stakeholders.”
“We are pleased to be partnering with Alignment Credit, in adding together the complementary market-leading capabilities of MindCare and TriCounty” said David Morris of MindCare. “Alignment Credit’s collaborative approach to structuring a credit solution tailored to MindCare’s strategic needs in a timely manner made them an ideal debt financing partner for us,” added Bijal Shah of WP Global Partners
About Alignment Credit
Founded in 2014 and based in New York City, Alignment Credit provides strategic credit financing for emerging growth and middle-market companies across a wide range of industry sectors. Currently lending out of its recently launched Alignment Credit Fund II, Alignment’s origination, structuring and value-add capabilities include a broad range of bespoke capital solutions for a variety of corporate and strategic needs. We take a long-term, partnership approach to credit investing and are committed to building lasting relationships with our borrowers and their management teams, while giving our investors the opportunity to support innovative players disrupting their respective market segments.
Further information is available at www.alignmentcredit.com.
Contacts
Eric Court, Alignment Credit
eric@alignmentcredit.com
