Catalyst advises Synova on 4Ways Healthcare refinancing
Catalyst Corporate Finance (“Catalyst”), the UK business of Alantra, has advised Synova Capital (“Synova”) on its refinancing of portfolio company 4Ways Healthcare (“4Ways”), a leading provider of tele-diagnostic services to the healthcare sector.
4Ways has been providing remote radiology reporting in the UK since 2005 through a large pool of NHS-trained and UK-based consultant radiologists. Based in Hertfordshire, 4Ways operates a full 24 hours a day, 365 days a year service providing routine, out-of-hours and specialist reporting on diagnostic images, helping public and private hospitals to provide high quality healthcare at all times and with increased efficiency.
Catalyst advised Synova on its original investment in 4Ways in 2014. Since then, 4Ways has grown strongly and its robust and scalable technology platform enables customers to reduce turnaround times in a cost efficient way while maintaining the highest levels of clinical governance. As a result, there was strong appetite from potential providers of financing and the agreed terms reflect a high level of confidence in the future prospects of the Business. The outcome of the process was a refinance with Lloyds Bank Commercial Banking.
Tim Ashlin, a Partner at Synova and a Director of 4Ways commented: “Since our investment in 2015, 4Ways has performed very strongly, supported by continuous investment in its people, clinical offering and technology platform. We are delighted to have now secured a successful refinancing.”
Catalyst’s Healthcare team, led by partner Justin Crowther, advised on the deal. He commented “We are delighted that we have secured a new lending partner for 4Ways and continued our relationship with the business. The refinancing demonstrates that credit appetite exists for high quality businesses.”< Go back to results