The DSO, which focuses on practices in the Northeast, has completed 30 practice affiliations in the last two years, according to an April 22 news release from the Smilist.
The debt facility includes a commitment of nearly $100 million of new growth capital to fund the company’s acquisitions and business development initiatives.
Fidelity Direct Lending acted as administrative agent on the transaction, and Manulife Investment Management served as joint lead arranger.
The Smilist supports more than 60 locations and more than 1,200 employees across New York, New Jersey, Connecticut, Delaware and Pennsylvania, the release said.
