Medical Solutions readies launch of new credit facilities for May 31

By Sara Rosenberg

New York, May 24 – Medical Solutions is scheduled to hold a bank meeting at 10:30 a.m. ET in New York on May 31 to launch its proposed senior secured credit facilities, according to a market source.

UBS Investment Bank and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by TPG Growth. The company’s current owner, Beecken Petty O’Keefe & Co., will retain an equity stake in Medical Solutions post-close.

Closing is expected this quarter, subject to standard conditions, including regulatory clearance.

Medical Solutions is an Omaha-based provider of health care staffing solutions for hospitals.

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