Madison Capital Funding closed a $185,000,000 senior credit facility to finance the Recapitalization of RxBenefits, Inc. by Great Hill Partners. Madison Capital Funding was the Sole Lead Arranger and Administrative Agent. Further terms were not disclosed.
RxBenefits, Inc. is a PBM-agnostic pharmacy platform that works collaboratively with benefit consultants to serve self-funded employers, third party administrators and health plans to provide optimized mid-market pharmacy solutions that rival those offered to Fortune 100 companies.
Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $33.2 billion in 1,167 middle market transactions with 303 private equity sponsors.
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