Monthly Archives: December 2015

Nobilis Health Closes With GE Capital, Healthcare Financial Services

Nobilis Health Corporation utilizes a unique direct to patient marketing that is focused on a set of procedures that are performed at our centers by local physicians. Nobilis Health Corporation owns and manages ambulatory and care buildings to deliver health care services. Nobilis owns and manages interests in surgery centers in Texas and Arizona. In addition, Nobilis has an acute care hospital, two imaging centers, and an urgent care clinic in Houston Texas. Nobilis Health Corporation, a health care facility management and marketing firm announced that it closed a debt financing facility with GE Capital Healthcare Financial Services. The facility will be used to support Nobilis’ growth efforts provide a new line for working capital, as well as repay certain parts of the company’s existing indebtedness, most notably money attached to the Athas Health acquisition. The transition was a goal for Nobilis Health. The company wanted to reduce their average borrowing costs while maintaining structure. Nobilis Health also believes that their new relationship with GE Capital will provide momentum for Nobilis’ growth in future years. The company has flexible capital programs to help customers expand their companies. GE Capital’s Healthcare Financial Services business is one of the top capital providers in the United States. Customers across all 45 health care sectors use Healthcare Financial Services to help fiance acquisitions, refinance existing debt, and help with growth. The different sectors include senior housing, medical offices, hospitals, and medical devices. The funding of the building includes two different loans; one for $20 million and one for $5 million

The Growth of CCMP Capital under the Leadership of Stephen Murray

CCMP Capital was created from a number of partnerships. The partnerships helped in enhancing financial growth and market presence for the corporation. CCMP Capital is a private equity firm that handles leveraged buyouts and growth capital transactions. It has been ranked among the largest private equity fund firm globally. The firm has offices in Hong Kong, New York, Tokyo and London. It has employed many employees to enhance its objectives. CCMP has invested more than $12 billion in leveraged buyout transactions and growth capital.
CCMP Capital’s history dates back to 1984. It was first named Chemical Venture Partners, which was a venture capital branch for the Chemical Bank. In 1996, the firm acquired Chase Manhattan Bank resulting to the change of its name to Chase Capital Partners. In 2000, the firm bought J.P. Morgan &Co leading to the formation of J.P. Morgan Chase was formed. The firm was rebranded to JP Morgan Partners. As the platform continued to develop and expand, various private institutions were incorporated. These incorporated firms included Robert Fleming & Co, Hambrecht & Quist, Chase Manhattan, Manufacturer Hanover, The Beacon Group and the J.P Morgan & Co.

After a while, the JP Morgan Chase acquired the Bank One. The interest in Bank One was elicited by its own private equity group, One Equity Partners. The private equity was formed to act as a private equity leeway for JP Morgan Chase. In April 2006, JP Morgan Chase completed the sale of $925 million in the JP Morgan Partners World Fund. Two months later, JP Morgan Partners and JP Morgan Chase parted ways. This situation saw the company named CCMP after taking the first letters of the previous companies.

After the split from JP Morgan, CCMP raised $3.4 billion for the CCMP Capital Investors Program. The program marked the beginning of the firm as a solo entity after its separation from JP Morgan Chase. In 2014, CCMP put up Medpace, a pharmaceutical contract research firm, for sale. Cinven ended up buying Medpace for a consideration of $900 million. Today, CCMP continues to provide innovative products and services to its diverse clients in the market.
Stephen Murray has been the President and chief executive officer of CCMP Capital. He was born in 1962. Stephen attended Boston College where he received an undergraduate degree in economics. He proceeded to Columbia Business School earning a postgraduate degree in business administration. He undertook a training program in credit analysis at the Manufacturers Hanover Corporation. Stephen started his career at MH Equity Corporation, which was the leveraged finance unit of the Manufacturers Hanover’s private equity. Stephen was instrumental during the various acquisitions and partnerships with the company before co founding CCMP. Murray became the chief executive officer of CCMP in 2007.