Planning Your VisitOur LocationsOur ServicesCareersAbout Us

 

SOLIS WOMEN’S HEALTH SECURES SENIOR DEBT AND FOLLOW ON EQUITY FUNDING


Austin, Tx – October 15, 2007 - Solis Women’s Health, the country’s leading provider of integrated breast care, announced today that it has secured a $12 million senior credit facility and closed a $10 million follow on equity funding. The senior credit facility, which includes a $9 million term facility and a $3 million revolving line of credit, was provided by GE Healthcare Finance. The equity funding was committed by the existing Solis Series A investors, led by Marwit Capital Partners II, L.P. and includes Capital Resource Partners V, L.P.

Solis CEO Brad Hummel commented, “This financing round will provide the capital to close two committed acquisitions in the southwestern US and fund the opening of the company’s 7th DFW area facility, scheduled to open later this month in Arlington, Texas. We are pleased that our core investor group confirmed their confidence and commitment in the Solis business model and the considerable opportunity we have before us.”

Marwit Managing Partner and Solis Chairman Matthew Witte added, “The completion of the GE Healthcare credit facility is the first step towards what we anticipate will be an active and robust relationship as we continue to develop markets and target acquisitions across the country. GE’s broad experience within the healthcare services sector and deep understanding of our industry and business model make them an ideal financial partner.”

Hummel added, “The acquisitions and the associated financing are consistent with the execution of the company’s strategic plan which anticipates acquisitions in core markets, the development of an integrated digital imaging network and alliances with healthcare systems throughout the United States. The company recently completed a system wide transition to a full field digital mammography platform supported by a state of the art Radiology Information System (RIS).”


About Solis Women’s Health
Solis Women’s Health is a specialized healthcare provider focused exclusively on the screening and diagnosis of breast cancer. Headquartered in Austin, Tx, Solis operates six north central Texas facilities, the Bertrand Breast Center in Greensboro, North Carolina and has several additional sites under development in markets across the United States. Solis was founded in 1986 by Timothy Freer M.D. and acquired by Marwit Capital in 2005.

Contact:
Brad Hummel
President & Chief Executive Officer
512-370-8100
www.solishealth.com

Thomas Dollhopf
Marwit Capital Partners
949-861-3636
www.marwit.com

Privacy | Legal | | Site Map | Sign Up
© 2007 Solis Women's Health
Home