Opus Bank’s Corporate Finance division provides senior debt financing for the acquisition of Attainia, Inc. by search fund Prometheus Health Partners
Overview of Transaction
Founded in 2001, Attainia, Inc., known as Attainia Capital Planning Solutions (“Attainia”), is one of the most widely used software as a service (SaaS) solutions for capital equipment planning, budgeting, and tracking for the healthcare industry.
Attainia’s clients include healthcare providers; facilitators, including equipment planners and architects; as well as suppliers to the healthcare industry.
Attainia’s highly customizable web-based software is used by clients to manage over 2,000 active projects totaling over $30 billion.
Significance of Transaction
The acquisition of Attainia marks the first acquisition completed by Prometheus Health Partners, LLC (“Prometheus”).
Opus Bank (“Opus”) has developed a track record with the investor group, which largely drove their decision to choose Opus for the transaction financing.
This deal represents the seventh search fund transaction closed by Opus Bank.
Opus Bank's Role
Given the asset light nature of the transaction, the financing structure required an enterprise value approach to lending.
Opus Bank was able to evaluate the transaction and propose terms within a short time frame, thereby allowing Prometheus to move confidently through the final negotiation process of the acquisition. The final deal structure was identical to the proposed terms.