MVP News
MVP Capital Partners Supports MCMC LLC in Its Acquisition of Patriot Risk Management, Inc.
7/12/2011
RADNOR, Pa., July 12, 2011 -- MVP Capital Partners, a lower-middle market private equity firm, today announced it provided equity capital to MCMC LLC (MCMC), a diversified managed care and cost containment provider, in support of its acquisition of Patriot Risk Management, Inc.'s (PRMI) managed care service business.
MCMC, a portfolio company of MVP Capital Partners, developed a relationship with PRMI over five years ago when it began providing a bill review and PPO network processing solution for the company. These activities later evolved into a full service care management program that has resulted in increased network penetration, enhanced medical savings, and improved claims outcomes.
LBC Credit Partners (LBC), a leading provider of financing solutions to middle market companies, provided a $120 million senior credit facility to MCMC as part of the transaction. The senior facility -- for which LBC is Sole Lead Arranger and Administrative Agent -- supported the acquisition, provides for ongoing working capital, and facilitates growth. In addition to agenting the senior credit facility, LBC also co-invested in the equity.
"MVP, our long-time supporter, and, more recently, LBC have been valuable partners of ours as MCMC has scaled its business both via acquisitions and organically," said Mike Lindberg, President and CEO of MCMC. "This acquisition significantly expands upon MCMC's seven years of investing in applications, networks, and integrated processing solutions."
"We are pleased to continue our support of MVP and MCMC with their growth plans," added John Brignola, Partner with LBC. "This is the type of long-term relationship that defines our business."
MVP Capital Partners is a private equity firm based in Radnor, PA, which focuses on investing in middle market companies with $10 to $100 million in revenues through buyouts, recapitalizations and expansion capital financings. For more information, visit www.mvpcapitalpartners.com.
MCMC is a national provider of managed care and cost containment services, headquartered in Boston, MA. MCMC's clients include managed care companies, workers' compensation, auto, liability, disability and group health insurers, as well as TPAs, PBMs, self-insured employers, labor unions, law firms and state agencies. For additional information please visit www.mcmcllc.com.
LBC Credit Partners is a leading provider of middle market financing solutions and equity co-investments. For additional information please visit www.lbccredit.com.
7/12/2011
RADNOR, Pa., July 12, 2011 -- MVP Capital Partners, a lower-middle market private equity firm, today announced it provided equity capital to MCMC LLC (MCMC), a diversified managed care and cost containment provider, in support of its acquisition of Patriot Risk Management, Inc.'s (PRMI) managed care service business.
MCMC, a portfolio company of MVP Capital Partners, developed a relationship with PRMI over five years ago when it began providing a bill review and PPO network processing solution for the company. These activities later evolved into a full service care management program that has resulted in increased network penetration, enhanced medical savings, and improved claims outcomes.
LBC Credit Partners (LBC), a leading provider of financing solutions to middle market companies, provided a $120 million senior credit facility to MCMC as part of the transaction. The senior facility -- for which LBC is Sole Lead Arranger and Administrative Agent -- supported the acquisition, provides for ongoing working capital, and facilitates growth. In addition to agenting the senior credit facility, LBC also co-invested in the equity.
"MVP, our long-time supporter, and, more recently, LBC have been valuable partners of ours as MCMC has scaled its business both via acquisitions and organically," said Mike Lindberg, President and CEO of MCMC. "This acquisition significantly expands upon MCMC's seven years of investing in applications, networks, and integrated processing solutions."
"We are pleased to continue our support of MVP and MCMC with their growth plans," added John Brignola, Partner with LBC. "This is the type of long-term relationship that defines our business."
MVP Capital Partners is a private equity firm based in Radnor, PA, which focuses on investing in middle market companies with $10 to $100 million in revenues through buyouts, recapitalizations and expansion capital financings. For more information, visit www.mvpcapitalpartners.com.
MCMC is a national provider of managed care and cost containment services, headquartered in Boston, MA. MCMC's clients include managed care companies, workers' compensation, auto, liability, disability and group health insurers, as well as TPAs, PBMs, self-insured employers, labor unions, law firms and state agencies. For additional information please visit www.mcmcllc.com.
LBC Credit Partners is a leading provider of middle market financing solutions and equity co-investments. For additional information please visit www.lbccredit.com.