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.
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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 |