ITA Holdings Group, LLC (dba Apollo MedFlight), an Amarillo, Texas-based provider of air medical transportation services, received $14.5m in growth funding.
Capital Southwest Corporation (Nasdaq:CSWC) made the investment. The financing was comprised of a revolving credit facility, first lien term loan, delayed draw term loan and minority equity investment.
Apollo MedFlight provides air medical transportation services primarily transporting, by rotor-wing and fixed-wing aircraft, patients who need higher levels of emergency care from rural hospitals to facilities with expanded capabilities in larger metropolitan areas.
The company holds an accreditation from the Commission on Accreditation of Medical Transport Systems (“CAMTS”), a certification focused on operational safety, quality of care and industry best practices.