Global Healthcare Exchange Secures Over $1 Billion in New Financing
Deal News | Feb 06, 2025 | Ares Private Equity Group
Ares Management Corporation, a leading global alternative investment manager, announced that an Ares Credit fund has acted as the administrative and collateral agent for a new financing package worth over $1 billion. This financing is aimed at supporting the recapitalization of Global Healthcare Exchange, LLC (GHX), a preeminent provider of supply chain software automation solutions in the healthcare industry. The strategic funding bolsters GHX's financial standing and provides flexibility to realize its long-term objectives. Ares has maintained a financial relationship with GHX since 2014, recognizing the company's ongoing performance and customer base advancements. The infusion allows GHX, a portfolio company of Singapore-based Temasek and minority-owned by Warburg Pincus, to invest in innovation and support healthcare organizations in enhancing operational efficiency and patient outcomes.
Sectors
- Healthcare Technology
- Private Equity
Geography
- United States – GHX serves healthcare sectors across the U.S., making this geography significant in their operations.
- Singapore – Temasek, one of the significant investors in GHX, is based in Singapore.
Industry
- Healthcare Technology – This industry is relevant as GHX provides supply chain software automation solutions for the healthcare sector.
- Private Equity – Ares Management Corporation, a private equity firm, is involved in the financing deal.
Financials
- Over $1 billion – The amount of new financing provided to GHX for its recapitalization.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ares Management Corporation | Financing provider | Company | Ares acted as the administrative and collateral agent for the new funding. |
| Global Healthcare Exchange, LLC (GHX) | Target company | Company | A leading provider of healthcare supply chain software solutions, benefiting from the financing package. |
| Temasek | Investor | Company | A Singapore-based investment company and a major investor in GHX. |
| Warburg Pincus | Investor | Company | A significant minority owner of GHX. |