Univita Health, a Miramar, Fla.-based provider of post-acute and home healthcare solutions, secured a $40M credit facility.
Genstar Capital and a private lender provided the financing.
The credit facility will be used to fund the company’s future growth supporting the expansion of its health plan partners.
In 2014, Univita added 1 million Medicaid members in Florida. Univita manages care for more than 5 million health plan members and provided over 3.2 million home health, durable medical equipment and infusion pharmacy visits in 2014.
Led by Michael Muchnicki, President and Chief Executive Officer, Univita Health specializes in the management and utilization of complex, home health services, DME and infusion pharmacy services, primarily in the government sector.
Univita is contracted with more than 20 Medicare Advantage and Medicaid plans.