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TORONTO, April 27, 2021 (GLOBE NEWSWIRE) — Penfund, an impartial supplier of junior capital to North American center market corporations, introduced the completion of a second lien debt funding in Canadian Hospital Specialties Restricted (“CHS” or the “Firm”). Penfund served as Lead Arranger on the financing, which supported the acquisition of CHS by Flexpoint Ford, LLC (“Flexpoint Ford”).
CHS is a number one specialty distributor and producer of medical and surgical merchandise. Based in 1967, CHS is without doubt one of the most well-respected suppliers of modern medical merchandise and customised affected person care options for patrons all through the healthcare market in Canada and internationally. CHS serves healthcare suppliers and sufferers with a variety of specialty options and regionally manufactured merchandise and works to introduce probably the most superior medical know-how in a mission to enhance affected person care and outcomes.
“Now we have a longstanding relationship with Flexpoint Ford and have been admirers of CHS’ enterprise for a few years. CHS has a powerful and entrenched market place pushed by a novel and compelling worth proposition to each prospects and suppliers. We’re thrilled to help Flexpoint Ford’s acquisition of the Firm,” acknowledged Nicole Fich, a Accomplice at Penfund.
Adam Breslin, a Accomplice at Penfund, added, “We sit up for investing alongside Flexpoint Ford in CHS because the Firm continues to execute administration’s imaginative and prescient by means of the following stage of development.”
About Canadian Hospital Specialties
Canadian Hospital Specialties (est. 1967) is a privately held firm situated in Oakville, ON, Canada that serves prospects within the acute care and alternate web site healthcare sectors all through Canada and internationally. CHS offers single-use and different medical merchandise provided by international medical gadget producers in addition to its personal manufactured merchandise, that are marketed beneath the proprietary MED-RX® model, throughout classes together with Respiratory, Anesthesia, Perfusion, Interventional, Biopsy, Drainage, Diagnostic Imaging, Pharmacy, Remedy Supply, Neonatal Care, OEM and Common Medical. CHS additionally offers specialty contract manufacturing companies for medical gadget and life sciences corporations.
Web site: www.chsltd.com
About Penfund
Penfund is a number one supplier of junior capital to center market corporations all through North America. The agency is owned by its administration group and is presently investing its most just lately established fund, Penfund Capital Fund VI. Penfund manages funds sourced from pension funds, insurance coverage corporations, banks, household workplaces and high-net-worth people situated in Canada, the US, the Center East and Europe. Penfund has invested greater than C$three billion in over 225 corporations since its institution. Belongings beneath administration are roughly C$1.5 billion.
Web site: www.penfund.com
Contacts:
Penfund
Richard Bradlow
Accomplice
(416) 645-3794
richard@penfund.com
Penfund
Adam Breslin
Accomplice
(416) 645-3796
abreslin@penfund.com
Penfund
Nicole Fich
Accomplice
(416) 645-3791
nfich@penfund.com
Penfund
Joe Mattina
Accomplice
(647) 776-2164
jmattina@penfund.com
Penfund
Jeremy Thompson
Accomplice
(416) 645-3790
jthompson@penfund.com
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