Houlihan Lokey Advises Accanto Health

Houlihan Lokey is pleased to announce the successful placement of a senior secured asset-based revolving credit facility for Accanto Health, LLC (Accanto), a portfolio company of Vestar Capital Partners, LLC (Vestar) and TT Capital Partners, LLC (TTCP). The transaction closed on August 30, 2023.

Formed in 2021 through the merger of The Emily Program and Veritas Collaborative, Accanto is a leading eating disorder treatment provider in the U.S. with a strong reputation for clinical quality and patient outcomes. Accanto offers a full continuum of care for adults and adolescents, providing inpatient, residential, partial hospitalization, intensive outpatient, and outpatient service offerings.

Based in New York, New York, Vestar is a leading private equity firm specializing in buyouts and growth recapitalization investments in the healthcare, consumer, and business and technology services sectors across the U.S. Vestar has ~$2.6 billion in assets under management and invests behind strong management teams in order to accelerate growth and achieve long-term value creation. Based in Minneapolis, Minnesota, TTCP is a leading private equity firm specializing in growth equity investments exclusively in the healthcare technology and services sectors across the U.S. TTCP has ~$760 million in assets under management.

Houlihan Lokey served as the exclusive placement agent to Accanto, assisting the company in arranging, structuring, and negotiating the financing. Houlihan Lokey was able to run a competitive financing process, and through thoughtful positioning and execution, the firm drove strong market demand to successfully raise an outsized asset-based revolving credit facility with a low cost of capital, providing meaningful liquidity and capacity for growth for the company going forward.

Houlihan Lokey is one of the largest providers of private capital solutions in the world, raising approximately $26 billion in capital and advising on an additional $9 billion across 250+ transactions over the past two fiscal years.