INDIANAPOLIS, IN, UNITED STATES, July 13, 2023/EINPresswire.com/ — P1 Dental Partners, a Affected person-First & Supplier-Led Dental Partnership Group, (“P1” or the “Firm”) efficiently closed its new Senior Secured credit facility led by Synovus, with participation by Wintrust Monetary, and Trendy Financial institution. P1 is a portfolio firm of Prairie Capital, out of Chicago. Centerfield Capital, the Firm’s mezzanine lender, additionally stays within the deal. The financing can be used to refinance the Firm’s present debt and assist near-term acquisitions.
“What a terrific crew! P1 represents a perfect companion to sufferers, suppliers and now to Synovus,” stated Dave Allen, Managing Director, Synovus Healthcare Company & Funding Banking. “The practices have a particular tradition that permits prime quality outcomes, generates affected person loyalty, and creates supplier and employees enthusiasm. We’re enthusiastic about this successful mixture.”
“We’re thrilled to be working with Synovus on this refinance, we really feel P1 is ready as much as proceed to develop and have the right capital assist it must navigate in the present day’s ever-changing macro surroundings.” stated DJ Lipke, Principal at Prairie Capital.
Based in December 2020, P1 started with 26 practices throughout the State of Indiana. To-date, P1 has grown to greater than 45 places each within the states of Indiana and Illinois. P1’s purpose is to create a number one partnership of elite practices throughout the Midwest.
Patrick Malloy, Chief Enterprise Growth Officer
P1 Dental Partners
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Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
