Mercatus Finance Announces the Closing of a $45.5 Million Credit Facility to a Leading Provider of Kidney Stone Management Solutions
NASHVILLE, TN – Mercatus Finance (“Mercatus”) is pleased to announce the closing of a $45.5 million senior secured credit facility, in conjunction with an equity investment from Secretariat Capital, to a leading provider of kidney stone management solutions to urologists, health systems, and patients. The Company delivers turnkey management services for physician partners nationwide including mobile equipment deployment and maintenance, facility contracting, technician staffing, logistical support, revenue cycle management, financing and accounting services.
The credit facility was used to both recapitalize the Company and provide additional growth capital to support the Company’s growing network of physician partners.
About Mercatus Finance
Mercatus Finance provides highly customized credit solutions to lower-middle and middle-market businesses for acquisitions, growth capital and refinancings, without the constraints typical of conventional institutional lenders or alternative credit providers. Mercatus, headquartered in Nashville, TN, specializes in private transactions with high-quality companies across a range of industries.
Mercatus was formed in 2023 with Arena Investors, LP, a global institutional investment manager known for its comfort with complex and customized financings.
For more information, please visit mercatusfinance.com.
About Secretariat Capital
Secretariat Capital invests in high-quality businesses that have reached a strategic, financial, or operational inflection point, and stand to benefit from recapitalization. Secretariat’s investment approach is predicated on creating value through solving identifiable issues in businesses leading to stability and growth. Secretariat strives to support each of its invested companies to be a leader in their industry segment and to grow through both organic development and strategic acquisitions.
For additional information, please visit secretariat.capital.