Global law firm White & Case LLP has advised Deutsche Bank AG New York Branch, as first lien lead arranger and administrative agent, and UBS, as second lien arranger and administrative agent, in connection with the financing of the acquisition of nThrive, Inc.'s Technology Solutions Group by Clearlake Capital. The financing comprised a US$500 million senior secured term loan B facility, a US$120 million second lien term loan facility and a US$75 million senior secured revolving facility.
nThrive's Technology Solutions Group is the software revenue cycle management division of nThrive, Inc., and will now operate as a stand-alone entity. The segment provides healthcare revenue cycle management software-as-a-service solutions, including patient access, charge integrity, claims management, contract management, analytics and education.
The White & Case team was led by partner Eric Leicht and included associates Demian von Poelnitz, Yoonie Han (all in New York) and Louis Giovachino (Miami).
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