Shearwater Health and WindRose Health Investors

Madison Capital Funding closed a senior credit facility to finance a Recapitalization of Shearwater Health by WindRose Health Investors. Madison Capital Funding was the Administrative Agent.  Further terms were not disclosed.

Shearwater Health provides U.S. based healthcare companies with Clinical Process Outsourcing (“CPO”) services as well as international nurse recruiting services.

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 $31.6 billion in 1,130 middle market transactions with 291 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1794705