A leading provider of imaging services suffered from COVID-related impacts to its business. As a result, the Company needed alternative sources of financing—diversifying away from its traditional banking relationships—to meet its equipment needs. The Company was backed by a private equity sponsor and had a long history of successful operations.
Atalaya provided ~$16 million in lease and CapEx financing, which funded the Company’s purchase of essential diagnostic and imaging equipment. Atalaya was encouraged by the Company’s market position and its success in managing costs despite a disruption in operations.
Atalaya’s financing enabled the Company to purchase new, essential equipment from top tier manufacturers during a period of economic disruption and uncertainty.