Caltius Mezzanine Provides $25 Million to Meridian Surgical Partners

October 30, 2010

Los Angeles, CA, October 2010 – Caltius Mezzanine is pleased to announce the recent closing of a $25.0 million financing package to support the continued growth of Meridian Surgical Partners (“Meridian”), a leading owner and operator of ambulatory surgery centers (“ASCs”) in the United States. Meridian is a current portfolio company of Arcapita Bank B.S.C. (c), a top tier global investment firm.

Headquartered in Nashville, TN, Meridian specializes in ambulatory surgery center acquisition, development, and management. In partnership with physicians, Meridian currently owns and operates twelve outpatient surgical facilities. Meridian’s goal is to provide outstanding patient care in partnership with leading physicians at first class facilities.

Caltius’ $25.0 million financing package was structured as a fully flexible acquisition line to enable Meridian to continue its organic and acquisition growth model. “Caltius worked hard to quickly understand our business and financing needs,” noted John Wilson, CFO of Meridian.

“Caltius provided Arcapita with a creative financing solution that will enable us to continue to develop Meridian in line with our initial investment thesis,” confirmed Andrea Malik Roe, a Principal of Arcapita. “This is our first transaction with Caltius and we look forward to partnering with them to support Meridian’s management team in executing on its exciting growth initiatives.”

“We are impressed with Meridian’s management team, current portfolio of ASCs, and scalable platform,” stated Gavin Bates, a Principal of Caltius Mezzanine. “This transaction provides Meridian with the growth capital necessary to continue with both de novo and acquisitive growth.”

Based in Los Angeles, Caltius Mezzanine provides innovative capital solutions in amounts of $10 to $75 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $600 million in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP, a $500 million fund that closed in 2008. For more information or to refer an investment opportunity, please call us at (310) 996-9585.