DFX Intelligence
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Borrower
C••••••• H•••••••• I••
Healthcare Providers and Servicesgroup grade Aoff every schedule since Mar 31, 2025sponsor unattributed
Also written as: Inc. Health Care Equipment & Services; Wellpath
Nothing material in the last 200 days. Last change: 31 Mar 2025, Non-accrual at 2 of 2 lenders on the latest schedules, first placed in Q2 2024.
Mark path, consensus per quarter end
92¢ · 73¢ · 71¢ · 46¢ · 26¢Q1 2024 to Q1 2025
Principal held
at least $14.9M
sum of BDC pieces, a lower bound
Fair value
$3.5M
26c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
2 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Oct 1, 2025
$14.9M inside 24 months
On the tape since
Dec 31, 2021
latest Mar 31, 2025
Events
11
dated, non-routine
Lender marks
each lender's own fair value over cost at Mar 31, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F• S•••••••• L•••••• F••• | $12.5M | 24¢ | -23 pts |
| P••••• S••••• C•••••• B•• I••• | $2.4M | 33¢ | -4 pts |
Every BDC piece · 2 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• S•••••••• L•••••• F••• | unstated lien unstated | $12.5M | $2.7M 24c | S+750 bp |
| P••••• S••••• C•••••• B•• I••• | term loan first lien F•••• L••• S••••• S•••••• I••••••• H••••••••• P•••••••• and Services I••••••• R••• 14.00% | $2.4M | $779,197 33c | SOFR+750 bp |
Capital structure as the BDCs see it
latest quarter end Mar 31, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated exited Mar 31, 2025 | at least $12.5M | 24c | S+750 bp | Oct 1, 2025 | 1 |
| first lien revolver first lien exited Mar 31, 2023 | at least $4.2M | 88c | S+550 bp | Oct 1, 2023 | 1 |
| first lien term loan first lien exited Mar 31, 2025 | at least $2.4M | 33c | SOFR+750 bp | Oct 1, 2025 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2025 | 2 | $14.9M | $3.5M | 26c | 0 |
| Dec 31, 2024 | 2 | $72.8M | $33.9M | 52c | 0 |
| Sep 30, 2024 | 2 | $32.9M | $20.9M | 70c | 0 |
| Jun 30, 2024 | 1 | $27.7M | $17.8M | 73c | 0 |
All 11 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $27.8M | $22.1M | 92c | 0 |
| Dec 31, 2023 | 2 | $26.8M | $22.7M | 97c | 0 |
| Sep 30, 2023 | 1 | $997,000 | $808,000 | 103c | 0 |
| Mar 31, 2023 | 1 | $37.7M | $25.7M | 68c | 0 |
| Dec 31, 2022 | 1 | $33.6M | $26.2M | 78c | 0 |
| Sep 30, 2022 | 1 | $33.7M | $31.1M | 93c | 0 |
| Dec 31, 2021 | 1 | $34.0M | $33.3M | 99c | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2025
- Facility left every BDC scheduleMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down across lendersDec 31, 2024
- Spread changed (observed)Dec 31, 2024
Full timeline · 22 eventsShow fewer
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Placed on non-accrualJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Mar 31, 2024
- Mark recoveredDec 31, 2023
- Marked down across lendersMar 31, 2023
- Facility left every BDC scheduleMar 31, 2023
- Marked down (one lender)Mar 31, 2023
- Marked down across lendersDec 31, 2022
- Marked down (one lender)Dec 31, 2022
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- CCS CMGCderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Healthcare Providers and Servicesreportedas one filer wrote it