Audax Private Debt Provides Financing to Support Wellspring Capital Management’s Acquisition of Summit Spine & Joint Centers

NEW YORK - Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Wellspring Capital Management in their acquisition of Summit Spine & Joint Centers (“Summit” or the “Company”), a provider of minimally invasive spine services through ambulatory surgery centers and clinics in the Southeast U.S.

Headquartered in Lawrenceville, GA, Summit specializes in the precise diagnosis and treatment of neck and back discomfort and various other spine and musculoskeletal conditions. The Company was founded in 2014 to provide patients with high-quality, patient-focused comprehensive treatments and has successfully expanded its presence over the past decade primarily through de novo location development. Summit has established itself as a key player in the fragmented landscape, distinguished based on its geographic scope and scale in terms of locations, physicians, and procedures.