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NEW YORK, Dec. 7, 2023 ~ Today, First Citizens Bank announced that its Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo. This global home care services platform provides personal and complex services for seniors and individuals with disabilities or chronic conditions.
The Worldwide Home Care division of Sodexo manages a portfolio of 10 premium brands across eight countries, each with a localized strategy to serve unique patient populations. The company operates through over 700 locations and serves approximately 17,000 clients worldwide.
The financing will fund the acquisition of the Worldwide Home Care division of Sodexo and provide additional liquidity for general corporate purposes. Scott Plumridge, managing partner at The Halifax Group, commented on the importance of this acquisition: "The Worldwide Home Care division of Sodexo plays an important role in helping individuals across the globe to live independently in the comfort of their own homes."
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William Douglass, group head and managing director of First Citizens Healthcare Finance, expressed his appreciation for working with The Halifax Group again: "We enjoyed working with them on financing for past strategic investments and acquisitions and appreciate the opportunity to work together again on their acquisition of the Worldwide Home Care division of Sodexo."
David Gibbs, a managing director of Healthcare Finance at First Citizens, also commented on their involvement in this deal: "We are pleased to support The Halifax Group through the entire lifespan of this deal, from their initial review during the sale process to closing. This financing demonstrates our team's ability to deliver on complex transactions that span multiple geographies and currencies."
First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S., using a client-focused and industry-centric model that can tailor its products and services to help clients meet their needs for growth capital.
The Worldwide Home Care division of Sodexo manages a portfolio of 10 premium brands across eight countries, each with a localized strategy to serve unique patient populations. The company operates through over 700 locations and serves approximately 17,000 clients worldwide.
The financing will fund the acquisition of the Worldwide Home Care division of Sodexo and provide additional liquidity for general corporate purposes. Scott Plumridge, managing partner at The Halifax Group, commented on the importance of this acquisition: "The Worldwide Home Care division of Sodexo plays an important role in helping individuals across the globe to live independently in the comfort of their own homes."
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William Douglass, group head and managing director of First Citizens Healthcare Finance, expressed his appreciation for working with The Halifax Group again: "We enjoyed working with them on financing for past strategic investments and acquisitions and appreciate the opportunity to work together again on their acquisition of the Worldwide Home Care division of Sodexo."
David Gibbs, a managing director of Healthcare Finance at First Citizens, also commented on their involvement in this deal: "We are pleased to support The Halifax Group through the entire lifespan of this deal, from their initial review during the sale process to closing. This financing demonstrates our team's ability to deliver on complex transactions that span multiple geographies and currencies."
First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S., using a client-focused and industry-centric model that can tailor its products and services to help clients meet their needs for growth capital.
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