Yukon Supports Revelstoke’s Investment in Fast pace Urgent Care Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, announced on 25th August that it has partnered with Revelstoke Capital Partners in its investment in Fast Pace Urgent Care.
Fast Pace Urgent Care, headquartered in Brentwood, Tennessee, is a leading regional manager of urgent care clinics across rural Tennessee and Kentucky. The company’s nurse practitioner model with physician oversight increases rural patient access to healthcare while delivering high quality outcomes and improving patient satisfaction. Due to the rural focus of the Company’s current operations, many of the patients utilize the company’s urgent care clinics as their primary care solution allowing the company to function as an integral healthcare provider in the community. Revelstoke sponsored the transaction in which it, Yukon, and other institutional co-investors made an investment in Fast Pace. Yukon also provided mezzanine capital, and Ally Corporate Finance and NXT Capital underwrote the senior credit facility. Schiff Hardin LLP served as legal counsel to Yukon. “Fast Pace has developed a differentiated and successful rural market model which provides access to high quality, affordable healthcare centred on the patient. The company’s focus on improving the health
and quality of life for individuals and their communities, increasing access to care, and lowering costs for patients and payors addresses healthcare’s triple aim and presents a compelling value proposition for all participants,” said Simon Bachleda, managing partner and co-founder of Revelstoke. “We are enthusiastic about partnering with such a passionate and experienced management team.” “Revelstoke’s healthcare expertise and emphasis on strategic growth initiatives will be invaluable assets as we continue to expand our reach to more communities,” remarked Stan Bevis, founder and CEO of Fast Pace. “We are excited to support Revelstoke and the Fast Pace management team as they continue to execute their value-added strategy of providing high-quality and affordable healthcare to rural populations,” said Michael Hall, managing partner of Yukon. “We are confident Revelstoke’s expansive healthcare experience will complement the Fast Pace management team in furthering the company’s impressive track record of growth.”
ghp September 2016 | 71