CIT Group Inc., a Livingston-based provider of financing and advisory services to small businesses and middle-market companies, announced today it served as sole lead arranger in a $110 million senior secured facility for Epic Health Services. Terms of the transaction were not disclosed.
According to the announcement, Epic Health Services, a provider of pediatric home health and therapy services as well as adult in-home services, is a portfolio company of Webster Capital, a middle market private equity firm. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.
This is CIT's second transaction with Epic Health Services and Webster Capital. In December 2012, CIT Corporate Finance, Healthcare served as sole lead arranger, bookrunner and administrative agent in a $90 million senior secured financing to support Epic Health Services' acquisition of Santé Pediatric Services and AmeriCare, the company said in a statement.