{"id":640583,"date":"2013-01-30T06:36:45","date_gmt":"2013-01-30T11:36:45","guid":{"rendered":"http:\/\/www.pehub.com\/?p=183643"},"modified":"2013-01-30T06:36:45","modified_gmt":"2013-01-30T11:36:45","slug":"mcg-backs-oceans-healthcare","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/640583","title":{"rendered":"MCG Backs Oceans Healthcare"},"content":{"rendered":"

MCG Capital Corporation<\/strong> has closed a $23.7 million investment in Oceans Healthcare<\/strong>. MCG\u2019s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

MCG Capital Corporation (Nasdaq: MCGC) (\u201cMCG\u201d) today announced the closing of a $23.7 million investment in Oceans Acquisition Inc. (\u201cOceans Healthcare\u201d). MCG\u2019s investment consists of a senior secured unitranche credit facility and revolving line of credit.<\/p>\n

Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. MCG\u2019s investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management. General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.<\/p>\n

About MCG Capital Corporation<\/p>\n

MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States. Our investment objective is to achieve current income and capital gains. Our capital is generally used by our portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth and working capital. <\/p>\n

Forward-looking Statements:<\/p>\n

Statements in this press release regarding management\u2019s future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws. Forward-looking statements can be identified by terminology such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201ccould increase the likelihood,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cis planned,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwill enable,\u201d \u201cwould be expected,\u201d \u201clook forward,\u201d \u201cmay provide,\u201d \u201cwould\u201d or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in MCG\u2019s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 filed with the Securities and Exchange Commission under the section \u201cRisk Factors,\u201d as well as other documents that may be filed by MCG from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. MCG is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

MCG Capital Corporation has closed a $23.7 million investment in Oceans Healthcare. MCG\u2019s investment consists of a senior secured unitranche credit facility and revolving line of credit. Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services. PRESS RELEASE MCG Capital Corporation (Nasdaq: MCGC) (\u201cMCG\u201d) today announced […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-640583","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/640583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=640583"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/640583\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=640583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=640583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=640583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}