CARMEL, IND. & SAN FRANCISCO – Zotec Partners, a leading innovator in revenue cycle management (RCM) for the healthcare industry, headquartered in Carmel, Indiana, has announced the successful completion of a significant financial milestone. The company has finalized a first-lien term loan B refinancing, setting the stage for continued growth and innovation in healthcare solutions.
This strategic move, finalized after a comprehensive process led by Goldman Sachs, sees Zotec Partners transitioning from its existing public facility to a new five-year term loan. This loan, which matures in 2028, is backed by Francisco Partners, a prominent global investment firm renowned for its expertise in partnering with technology-driven businesses. The collaboration with Francisco Partners marks a pivotal moment for Zotec Partners Carmel, providing enhanced financial flexibility to further its mission of transforming revenue cycle management.
“Completing this refinancing with a respected firm like Francisco Partners is a significant step forward for Zotec Partners. As we continue to revolutionize revenue cycle management (RCM), financial agility is paramount,” stated T. Scott Law, Founder and CEO of Zotec Partners. “For 25 years, our commitment to exceptional people, innovative processes, and cutting-edge technology has solidified our position as a leader in the industry. This new financial facility will empower us to better serve the evolving needs of our clients and their patients within the dynamic healthcare ecosystem.”
Several key factors underpinned Zotec’s approach to this refinancing, including a strong emphasis on value alignment, strategic focus, and a commitment to nurturing its dedicated team. The agreement reached with Francisco Partners reflects a shared vision and dedication to driving positive outcomes through reliable services and advanced solutions. Both organizations prioritize a culture that supports, develops, and values passionate and dedicated team members, ensuring a synergistic partnership.
Lee Rubenstein, Managing Director at Francisco Partners, commented, “Zotec Partners stands out as an RCM leader, distinguished by its highly effective data-driven strategies that deliver tangible value to healthcare organizations and physicians. We are pleased to provide Zotec’s team with this financing, which will support their ongoing technological advancements and provide increased financial flexibility to facilitate the company’s future expansion.”
Ezra Perlman, Co-President at Francisco Partners, further added, “Our relationship with Scott Law and the Zotec team spans 15 years, and we have consistently been impressed by the exceptional healthcare technology business they have cultivated. We are excited to support their continued success and contribute to their journey.”
With this enhanced access to customized financing, Zotec Partners Carmel is poised to accelerate its investments in sophisticated, data-centric technologies. These investments are designed to empower healthcare clients to effectively navigate the complexities of RCM and optimize the patient experience. By securing private financing, Zotec maintains its entrepreneurial agility, ensuring it remains adaptable and focused on improving healthcare for all stakeholders.
To discover more about Zotec Partners and what distinguishes it as a premier healthcare partner, please visit zotecpartners.com.
About Zotec Partners
Zotec Partners (Zotec), headquartered in Carmel, Indiana, is dedicated to making healthcare business processes better. As one of the largest privately held RCM providers in the United States, Zotec supports over 25,000 healthcare professionals and their patients with comprehensive revenue cycle, patient billing, and practice management solutions. Processing over 120 million medical encounters annually, Zotec leverages advanced data-driven technology, unique patient insights, and industry-leading services to enhance the financial performance of healthcare organizations. Stay updated on Zotec’s latest developments by following them on Twitter or LinkedIn.
About Francisco Partners
Francisco Partners is a leading global investment firm specializing in technology and technology-enabled businesses. With nearly 25 years of experience, Francisco Partners has invested in over 400 technology companies, establishing itself as a highly active and long-standing investor in the technology sector. Managing approximately $45 billion in capital to date, the firm targets investment opportunities where its in-depth industry knowledge and operational expertise can help companies reach their maximum potential. For more information about Francisco Partners, please visit www.franciscopartners.com.
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