Navigation Links
MCG Capital Invests in Gould & Lamb
Date:12/20/2007

ARLINGTON, Va., Dec. 20 /PRNewswire-FirstCall/ -- MCG Capital Corporation (Nasdaq: MCGC) today announced a second lien debt and preferred equity investment to support the acquisition of Gould & Lamb, LLC by ABRY Partners LLC.

Gould & Lamb is a medical-financial services company that is unique to the workers' compensation industry. The company has been successfully producing Medicare Set-Asides (MSAs) for the workers' compensation industry since 2001. Having completed in excess of 40,000 MSAs, Gould & Lamb is the nation's largest, most experienced MSA specialist. Gould & Lamb is currently the vendor of choice for 20 of the top 25 national carriers and is the preferred or exclusive MSA provider for a number of TPAs, self-insured entities, defense attorneys, plaintiff attorneys and structured settlement brokers.

Steve Palmer, Chief Financial Officer, of Gould & Lamb, said, "MCG worked diligently to meet a very tight timeframe, was flexible in their approach to the business and will be a true partner going forward."

Roger Marrero, Principal at ABRY Partners, said, "MCG was a good partner in helping us consummate the acquisition of Gould & Lamb and was very responsive in meeting our tight timeframe."

Michael McHugh, Managing Director at MCG Capital, said, "Gould & Lamb is the leading provider in the MSA industry, which has grown significantly over the past five years. We are excited about the company's prospects and eager to work with the management team and ABRY going forward."

About MCG Capital Corporation

MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle market companies throughout the United States. Our investment objective is to achieve current income and capital gains. Our capital is generally used by our portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth, and working capital. For more information, please visit http://www.mcgcapital.com.


'/>"/>
SOURCE MCG Capital Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Matrixx Initiatives, Inc. to Present at the Roth Capital Partners 2007 New York Conference
2. AtriCure to Present at Roth Capital Partners 2007 New York Conference
3. Doctors and medical ethicist discuss whether doctors should participate in capital punishment
4. Doctors and Medical Ethicist Discuss Whether Doctors Should Participate in Capital Punishment
5. Osteotech to Present at First Albany Capitals Regenerative Technologies Conference in New York
6. iCAD to Present at Americas Growth Capital 4th Annual Emerging Growth Conference
7. Pharsight Files Application for Nasdaq Capital Market Listing
8. Advanced Life Sciences Joins NASDAQ Capital Market
9. Foundation Venture Capital Group, LLC Invests in Start Up Committed to Breast Cancer Diagnostics
10. Bally Total Fitness Emerges From Chapter 11 and Closes Transaction with Harbinger Capital Partners Funds
11. Caxton-Iseman Capital Acquires Conney Safety Products, LLC
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/22/2017)... CANADA (PRWEB) , ... July 22, 2017 , ... ... offer patients with irreparable rotator cuff repairs the opportunity to return to sports ... the American Orthopaedic Society for Sports Medicine’s Annual Meeting in Toronto, ...
(Date:7/21/2017)... ... ... The Ellis Agency, an eastern Georgie provider of insurance management and financial ... event with the goal of bringing in support for epilepsy patients in the greater ... recently launched a charity campaign of her own by donating her birthday to the ...
(Date:7/21/2017)... Long Grove, Ill. (PRWEB) , ... July 21, 2017 , ... ... Air & Fabric Liquid eco-friendly odor-control solution for colleges and universities at the ... to safely and effectively eliminate severe cannabis and tobacco smoke odors without the use ...
(Date:7/21/2017)... (PRWEB) , ... July 21, 2017 , ... The Margarian ... falsely advertising the contents of its ginger ale for allegedly containing no ginger. Dr. ... Dr. Pepper Snapple Group, Inc., plaintiff Gegham Margaryan alleges Canada Dry Ginger Ale claims ...
(Date:7/21/2017)... ... July 21, 2017 , ... “Kids aren't born knowing ... tie their shoes,” says Suzanne Tucker, Founder of St. Louis-based positive education company Generation ... launches on Kickstarter on Monday, July 21st. , The kit uses colorful, engaging ...
Breaking Medicine News(10 mins):
(Date:7/13/2017)... July 13, 2017  New York City-based market research firm ... should be aware of.  From new products to new costs, ... in a recently completed study, Potential Pipeline Disruptors . ... 1.  Age-Driven Growth - True Impact ... aware of the impact the growing population and, to a ...
(Date:7/11/2017)... , July 11, 2017  The global market ... revenues of approximately $394.1 million in 2016.  Although in ... of solid growth, in particular as a result of ... practice, and the recent introduction of a significant number ... for less-invasive testing of tumor biomarkers to guide treatment ...
(Date:7/10/2017)... Md. , July 10, 2017 The ... non-animal test methods, is the recipient of a VITROCELL® ... the PETA International Science Consortium. The device, which is ... used to expose human lung cells to airborne test ... IIVS will use the VITROCELL® system for testing combustible ...
Breaking Medicine Technology: