Crestline Investors ("Crestline") announced today that funds managed by its U.S. Opportunistic business served as administrative agent and sole lender on a mezzanine loan to Urology America (“UA”) to facilitate the buildout of additional clinical space and ancillary service line expansion to better serve patients across the platform.
Founded in Central Texas by Gauge Capital, UA is a best-in-class urology-focused management service organization. The company supports over 100 providers across Texas, Colorado, Louisiana and Tennessee, providing comprehensive business support services that allow partner practices to spend more time caring for patients and less time on the administrative burdens of operating a urology practice.
“The Urology America team has developed an outstanding platform of scalable, high-quality urological solutions trusted by healthcare providers and care teams nationwide,” said Taylor Brown, Director at Crestline. “UA’s legacy and reputation for excellence in patient care make them a standout in the industry. We look forward to working closely with Gauge and the UA management team to achieve new milestones while maintaining industry-leading quality and patient care.”
“Crestline has been a valuable partner to us over the years,” said David Friedman, Partner (Healthcare) at Gauge Capital. “We’re excited to collaborate again with the Crestline team to support UA in providing the highest quality management services to even more physicians across our target markets. The Crestline team’s responsiveness, flexibility, and in-house healthcare expertise provided us with the confidence and certainty necessary in today’s changing market environment”
About Crestline Investors
Crestline Investors, Inc is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York City, Toronto and Tokyo. The Firm has approximately $18 billion in assets under management (as of December 31, 2023), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com
About Urology America
Urology America, based in Austin, Texas, is one of the leading urology-focused management service organizations. Urology America supports over 100 providers in Texas, Colorado, Louisiana, and Tennessee. UA provides comprehensive business support services, which allows partner practices to spend more time caring for patients and less time on the administrative burdens of operating a urology practice. Urology America partners with leading urology practices that seek a partner with the resources and expertise to invest in their practice to ensure they continue to provide best-in-class patient care and continuously expand their practice.
About Gauge Capital
Gauge Capital is a middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. For more information, please visit www.gaugecapital.com or contact Chris Garvin, Principal, Business Development at cgarvin@gaugecapital.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorised and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
