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March 2015

Penfund Announces Investment in Pediatric Services of America

TORONTO, Ontario (March 24, 2015) – Penfund, an independent provider of junior capital to middle market companies located in the United States and Canada, announced today the completion of a U.S. $37 million 2nd lien debt and equity investment in Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, Inc., known as PSA Healthcare (“PSA”). PSA is a recently-acquired portfolio company of J.H. Whitney Capital Partners LLC (“J.H. Whitney”).

Headquartered in Atlanta, Georgia, PSA predominantly provides critically-needed home nursing services to medically fragile children. The company operates through over 65 offices across 17 states, employs over 5,000 nurses and other caregivers, and provides care to more than 2,500 patients.

John Bradlow, a partner at Penfund, stated “We are delighted to support J.H. Whitney in their acquisition of PSA. We believe the acquisition will allow PSA to continue delivering best in class clinical care to the families who need its services.”


About PSA Healthcare

PSA is a national home healthcare company managed predominantly by clinicians. PSA’s services provide care for medically fragile individuals of all ages in the comfort of their homes. PSA has more than 5,000 skilled caregivers, providing professional, high quality, private duty nursing to patients in over 65 locations serving 17 states.



About J.H. Whitney

J.H. Whitney was established in 1946 by the industrialist and philanthropist, John Hay “Jock” Whitney.  J.H. Whitney was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, J.H. Whitney remains privately owned by its investing professionals and focuses on providing private equity capital to small and middle market companies with strong growth prospects in a number of industries including consumer, healthcare, specialty manufacturing and business services.


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About Penfund

Penfund is a leading provider of capital to middle market companies throughout North America. The firm is actively investing both senior and junior capital through Penfund Prime and Penfund Capital Fund VII. Penfund manages funds sourced from pension funds, insurance companies, banks, family offices and high-net-worth individuals located in Canada, the United States, the Middle East, and Europe. Penfund has invested more than C$3.0 billion in over 225 companies since its establishment. Assets under management are approximately C$3.0 billion.

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