A&O advises joint lead arrangers in refinancing for Midwest Physician Administrative Services
19 March 2021
Allen & Overy’s New York leveraged finance team advised the joint lead arrangers and bookrunners on a $750 million refinancing for Midwest Physician Administrative Services, LLC.
Midwest Physician Administrative Services (MPAS), also known as Boncura Health Solutions, is a management services organization aimed at improving patient outcomes, managing at-risk populations to reduce healthcare costs, and providing convenient ways for patients, providers, and clients to access support services. MPAS helps hospitals and physician groups provide value-based care through administrative and clinical services. MPAS is a wholly owned subsidiary of DuPage Medical Group, the largest independent, multi-specialty physician group in Illinois, and a portfolio company of Ares Management’s Private Equity Group.
Ares Management Corporation is a leading global alternative investment manager with groups across private equity, credit, real estate and strategic initiatives, and approximately $179 billion in AUM.
The transaction closed on March 12, 2021.