Main Street Capital announced today that it has invested $6.8 million in AmeriTech College Operations, a healthcare focused for-profit college. Main Street’s investment in AmeriTech consists of $6.8 million in first lien, senior secured debt. Main Street’s investment provides growth financing to expand the school’s healthcare programs and its development of baccalaureate degree programs.
AmeriTech is a private, for-profit college focused on providing healthcare training programs such as nursing, medical assisting, medical billing and coding, surgical technicians, and dental assisting. With two traditional campuses located in Draper, UT, and Provo, UT, and through its online programs, AmeriTech offers associate degrees as well as diplomas and is accredited with the Department of Education and nationally accredited with specialty healthcare education accrediting agencies. The company is headquartered near Salt Lake City, UT (www.ameritech.edu).
Main Street Capital provides long-term debt and equity capital to middle market and lower middle market companies in diverse industry sectors that generally have annual revenues ranging from $10 million to $100 million. Main Street generally provides “one stop” financing alternatives within its lower middle market portfolio. The firm is based in Houston, TX (www.mainstcapital.com).