News

PCS3 invests in the senior secured floating rate notes of Melin Medical

30th October 2017

Permira Debt Managers (“PDM”) announces that direct lending fund Permira Credit Solutions III (“PCS3”) has invested in the senior secured floating rate notes of Melin Medical. This was a primary transaction and PDM were offered a first look at the deal prior to launch.

Established in 2010, Melin Medical is a leading provider of patient administration systems to the healthcare sector in Norway. The company operates across payment, billing, and account services, which fully integrate with the health practitioners’ electronic health record systems.

Through the acquisition of an ethical debt collection business in 2013, Melin Medical’s system is able to cover all aspects of the payment chain, including late payment collection, and thereby free up time spent by practitioners on administrative tasks.