Minneapolis, MN, July 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce an $8.5 million subordinated debt investment in American Surgical Professionals (“ASP”) to support a recapitalization. ASP is a portfolio company of Great Point Partners based in Greenwich, CT.
ASP, headquartered in Houston, TX, is a leading provider of surgical assistants to hospitals and ambulatory surgery centers. The Company’s personnel include Surgical Assistants, Physician Assistants and Nurse Practitioners that provide “first assistance” to surgeons throughout surgical procedures to improve operating room throughput, outcomes and cost performance.
“We are excited to partner with Great Point Partners and management,” said Mark McDonald, Managing Director at Spell. “ASP is a leader in a niche outsource sector with attractive demand characteristics.”