Availity, provider of health information networks has closed a five year $200 million senior secured revolving credit facility, which allows for an additional $100 million of capacity when exercised. The debt financing will be used to fund future M&A and other strategic opportunities.
“Over the past 18 months we have evaluated or observed a significant number of strategic opportunities and we do not expect this trend to abate in the foreseeable future. We now have increased flexibility to take advantage of these opportunities when presented,” said Russ Thomas, Chief Executive Officer of Availity in a statement.
Availity serves an extensive network of health plans, providers, and technology partners nationwide through a suite of dynamic products built on a powerful, intelligent platform. Availity integrates and manages the clinical, administrative, and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment.
