Recapitalization of CRH Healthcare

CRH was advised by Houlihan Lokey and its legal counsel was DLA Piper and Bass, Berry & Sims. Freeman Spogli was advised by Jefferies and its legal counsel was Ropes & Gray LLP. Golub Capital provided the debt financing to support the acquisition.

CRH Healthcare (“CRH”), a leading urgent care platform in the Southeast, announced it has been recapitalized by Freeman Spogli & Co. (“Freeman Spogli”). CRH’s founders, Bill Miller and Andrea Malik Roe, and the rest of the management team will continue to lead the Company as they embark on the next phase of growth in the Southeast and beyond. Specific terms of the transaction were not disclosed.

Founded in 2012 and headquartered in Atlanta, GA, CRH is a patient-focused operator of 38 urgent care centers in Georgia, Florida, and Alabama. CRH operates a “family of brands”, leveraging a different brand name in each state, while always being focused on the CRH Mission, “to deliver the Perfect Patient Experience every time”. To achieve this mission, everything they do is focused on the 5C’s-convenient, courteous, caring, competent and compliant. All of CRH’s clinics are equipped to help diagnose and treat a wide range of non-life-threatening illnesses and injuries as well as to provide occupational health services to local employers.

The Ropes & Gray team advising Freeman Spogli was led by private equity partner Christopher Rile (Picture), finance partner Sunil Savkar, tax partner Eric Elfman, health care partner Timothy McCrystal and benefits partner Danna Kivell.

Involved fees earner: Eric Elfman – Ropes & Gray; Danna Kivell – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Christopher Rile – Ropes & Gray; Sunil Savkar – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Freeman Spogli & Co;

Author: Ambrogio Visconti