AB Private Credit Investors (AB-PCI) provided a $100 million commitment to a unitranche credit facility supporting Altaris Capital Partners’ acquisition of Analogic Corporation (NYSE: ALOG). AB-PCI leveraged its healthcare expertise to effectively deliver a meaningful commitment to the financing facility.
“As a market leader with a history of technological innovation and a high-quality reputation, Analogic is attractively positioned in the medical and security imaging space,” noted Jay Ramakrishnan, Managing Director of AB-PCI. “We are excited to partner with Altaris, Analogic’s management team, and MidCap Financial as agent, and look forward to supporting the Company’s future growth.”
Analogic provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives. Analogic is recognized around the world for advanced imaging and real-time guidance technologies used for disease diagnosis and treatment as well as for automated threat detection.
Altaris Capital Partners is an investment firm focused on the healthcare industry. Altaris actively manages $2.4 billion of equity capital and invests in businesses that deliver value to the healthcare system by improving patient outcomes, eliminating unnecessary costs, increasing efficiency and aligning stakeholder incentives. Since inception in 2003, Altaris has made 35 platform investments and has worked closely and collaboratively with the management teams of its portfolio companies to support growth and capital appreciation.