TROW - OHA is Administrative Agent & Lead Left Arranger for Acentra Health's Private Refinancing | Benzinga
New York, New York, April 15, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting the refinancing of Acentra Health ("Acentra"), a portfolio company of Carlyle. Acentra is a leading provider of technology products and services to government healthcare agencies that are essential to administering Medicaid, Medicare and other health programs at the federal and state level, including claims processing, enrollment and data analytics. OHA is the largest holder of the new financing.
OHA first provided financing to Acentra in December 2021, to support Carlye's acquisition of its predecessor company, CNSI, from Alvarez & Marsal Capital Partners. In December 2022, OHA once again engaged with Carlyle to lead the debt financing for CNSI's acquisition of Kepro, creating Acentra Health. OHA also supported Acentra's subsequent acquisition of Espyr, a provider of workplace mental health and wellbeing programs, in 2023.
"Since our initial investment in its predecessor business, Acentra has maintained a strong growth proposition and track record of ...