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Marina Medical Billing Service, Inc.
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American Capital Invests in Recapitalization of Marina Medical Billing Service
Bethesda, MD – September 15, 2006 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested in the recapitalization of Marina Medical Billing Service Inc., a leading provider of revenue cycle management services for hospital emergency department physician groups. American Capital's investment takes the form of a senior term loan, senior and junior subordinated debt and convertible preferred and common equity. American Capital is also providing a revolving credit facility. Led by Marsha Besley, Founder and President, and Michael Connellan, CEO, Marina’s senior management team will continue to be key shareholders with convertible preferred and common equity positions. [more...]
