CBI Health Group, a Toronto-based community healthcare provider, has received a C$70 million subordinated debt investment from Penfund, an independent provider of junior capital to middle market companies.
The investment, which was led and arranged by Penfund, will support the refinancing of CBIH’s existing credit facilities.
CBIH, a portfolio company of OMERS Private Equity, operates in two segments: rehabilitation services and home healthcare services. The Company has over 13,000 staff and serves more than 800 communities across Canada.
“CBIH plays a critical role in the Canadian healthcare ecosystem. We first invested in CBIH in 2018 and we are thrilled to continue our partnership,” stated Adam Breslin, a Partner at Penfund.
Jeremy Thompson, a Partner at Penfund, added, “We have a longstanding relationship with OMERS and are delighted to support them through CBIH’s next stage of growth.”
CBIH is Canada’s leading community healthcare provider, reliably delivering innovative rehabilitation and home care programs that help its clients achieve their health goals. With 250+ locations and supporting more than 800 communities.
Penfund is a leading provider of junior capital to middle market companies throughout North America.
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