Landmark Holdings of Missouri, LLC, a Cape Girardeau, Mo.-based multi-state operator of six long-term acute care hospitals (“LTACH”), received a $12.0m in senior subordinated debt.
Praesidian Capital provided the new financing.
Founded in 2006 by Dr. William Kapp III, Landmark currently operates facilities for medically complex patients in need of intensive post-acute care in Cape Girardeau, Joplin and Columbia, Missouri and in Athens, Georgia.
They opened a new hospital early in 2014 in Salt Lake City, Utah and another in Savannah, Georgia in November 2014.
A seventh facility is scheduled to open in Naples, Florida, in September 2015.
The six hospitals have approximately 600 employees.