First Citizens Bank’s Healthcare Finance division has provided financing to support a new partnership between Leavitt Equity Partners and Pediatrics Plus, a pediatric therapy provider based in Arkansas.
Founded in 2002 and headquartered in Conway, Arkansas, Pediatrics Plus offers physical therapy, occupational therapy, speech and language pathology, and applied behavior analysis (ABA) therapy for children with developmental needs. The organization serves more than 6,000 children annually.
The partnership with Leavitt Equity Partners and other investors aims to expand Pediatrics Plus’ reach in delivering early intervention therapy and developmental services nationwide.
“We are thrilled to establish a new partnership with Pediatrics Plus,” Andrew Clark, managing partner of Leavitt Equity Partners, a value-add, healthcare-focused private equity firm, said. “We appreciated the deep industry knowledge and expertise of the First Citizens Healthcare Finance team in arranging the financing to support this transaction.”
“Leavitt Equity Partners is well-respected for its skill in acquiring quality healthcare companies and in helping them thrive,” William Douglass, managing director and group head of Healthcare Finance at First Citizens Bank, said. “This financing demonstrates our team’s ability to support clients with the financing to complete key transactions that advance their business objectives.”
“We appreciated the opportunity to understand the needs of Leavitt Equity Partners for this transaction and structure a financial solution designed to meet those needs,” William Duke, a managing director at First Citizens Healthcare Finance, said.
First Citizens Healthcare Finance provides financing solutions to middle-market healthcare companies across the U.S., tailoring its services to support growth and operational needs.
