News Releases

McColl Partners Closes Healthcare Transaction

McColl Partners acted as financial advisor to Healthtrax, Inc. ("Healthtrax" or the "Company") on an equity and debt recapitalization.  William Blair Capital was a preferred equity investor with a pending maturity date while two Northeastern U.S. based mezzanine groups led the recapitalization.

About Healthtrax, Inc.

Headquartered in Glastonbury, Connecticut, Healthtrax is the leading owner/operator of medical fitness centers ("MFCs") in partnership with local hospital systems and corporate-based adaptations known as Work-Fit® centers.  Healthtrax operates 15 MFCs and 20 Work-Fit® centers, primarily in the Northeast and Midwest.

About McColl Partners, LLC

McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies.  With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

For more information about our Healthcare Group, please contact Dave Vorhoff at (704) 333-0525.  More information about McColl Partners can be found at www.mccollpartners.com.