Accelecare Wound Centers, a Bellevue, Washington-based comprehensive wound care and disease management company, received a subordinated debt and equity investment of undisclosed amount.
Yukon Partners and seven other institutional co-investors acquired a majority equity interest in Accelecare. Subordinated debt financing was provided by Yukon, The Northwestern Mutual Life Insurance Company, and Nationwide Mutual Insurance Company. The senior credit facility was underwritten by Ally Commercial Finance, which received commitments from Fifth Third Bank and Siemens Financial Services, Inc. to round out the senior financing.
In addition, Revelstoke Capital Partners will provide the company with strategic guidance and additional capital to accelerate its organic growth, pursue selective acquisitions, and continue to leverage its business model.
Led by Michael Lester, CEO, Accelecare provides full service wound management solutions to hospitals and related health care organizations across the United States.
Following the investment, Bain Capital Ventures, SV Life Sciences, River Cities Capital Fund, and management will continue to own a portion of the company.