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Genstar Capital Portfolio Company Univita Health Completes Debt Financing
Date:7/22/2009

SAN FRANCISCO, July 22 /PRNewswire/ -- Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of the industrial technology, life sciences, healthcare services, business services and software services industries, today announced that its portfolio company Univita Health has executed a senior credit facility totaling $97.5 million to refinance a bridge note that Genstar funded as part of Univita's acquisition of Long Term Care Group, Inc. in December of last year, as well as for future acquisitions and general corporate purposes.

Univita was formed by Genstar in partnership with industry veterans Hugh and Ben Lytle to help seniors live, age and receive care independently in the residence of their choice while reducing cost and complexity for them, their families, government, insurers and providers of care.

"The successful completion of a financing in this difficult market is a testament to the strength of Univita's business model and the experience of its management team," said James D. Nadauld, a Principal of Genstar Capital. "Genstar's close partnership with Hugh and Ben is working well in fostering the development of Univita into a leading integrated senior care services company and the new credit facility from GE Capital and Bank of Ireland is an important step in the continued growth of the company."

GE Capital, Healthcare Financial Services served as administrative agent and GE Capital Markets arranged the transaction as sole bookrunner and co-lead arranger. Bank of Ireland served as co-lead arranger and syndication agent. The two lenders joined to underwrite the majority of the credit facility.

Hugh Lytle, co-founder, President, and Chief Executive Officer of Univita Health, said, "We are very pleased that the company is performing above our expectations and this new credit facility represents anot
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SOURCE Genstar Capital, LLC
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