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Investments: Current Investments: Northcentral University
Northcentral University |  Investment Date: December 2008  |  Investment Type: Recapitalization

Business Description:
Allion Healthcare, Inc. is a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients as well as specialized biopharmaceutical medications and services to chronically ill patients. Allion Healthcare sells HIV/AIDS medications, ancillary drugs and nutritional supplies under the trade name MOMSPharmacy. Allion Healthcare provides services for the intravenous immunoglobulin, blood clotting factor and other therapies through its Biomed America division. Allion Healthcare works closely with physicians, nurses, clinics, AIDS Service Organizations, and with government and private payors to improve clinical outcomes and reduce treatment costs.

Falcon Solution:
Faced with a difficult financing environment and uncertain healthcare reimbursement rate risk, a major private equity firm looked to Falcon to provide a mezzanine solution that enabled them to execute a complicated take-private transaction. The acquisition required a firm commitment letter months prior to close to enable the sponsor to sign definitive documentation, start the SEC process and proxy solicitation processes. After working expeditiously to conduct due diligence, Falcon committed to and subsequently funded senior subordinated notes with warrants.

 

 

 

 

Industry:
Healthcare, specialty pharmacy
Sponsor:
Private equity group
Securities:
Senior subordinated notes with warrants
Financing Challenge:
Take-private transaction in an uncertain financing market
Exit Date:
Current investment
Company Website:
www.AllionHealthcare.com