TSL Express Daily News
The Secured Lender
SFNet's Women in Secured Finance Issue
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March 12, 2025
Source: First Citizens Bank
NEW YORK — March 12, 2025 — First Citizens Bank today announced that its Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.
Founded in 2002 and headquartered in Conway, Arkansas, Pediatrics Plus is a comprehensive pediatric therapy provider for children with developmental therapeutic needs. It offers a range of services including physical therapy, occupational therapy, speech and language pathology, and applied behavior analysis (ABA) therapy. Pediatrics Plus now provides services to more than 6,000 children with special needs and developmental delays each year.
This new partnership with Leavitt Equity Partners and other investors will allow Pediatrics Plus to further its mission of delivering high-quality early intervention therapy and developmental services to children across the nation.
“We are thrilled to establish a new partnership with Pediatrics Plus,” said Andrew Clark, Managing Partner of Leavitt Equity Partners, a value-add, healthcare-focused private equity firm. “We appreciated the deep industry knowledge and expertise of the First Citizens Healthcare Finance team in arranging the financing to support this transaction.”
“Leavitt Equity Partners is well-respected for its skill in acquiring quality healthcare companies and in helping them thrive,” said William Douglass, managing director and group head of Healthcare Finance at First Citizens Bank. “This financing demonstrates our team’s ability to support clients with the financing to complete key transactions that advance their business objectives.”
“We appreciated the opportunity to understand the needs of Leavitt Equity Partners for this transaction and structure a financial solution designed to meet those needs,” said William Duke, a managing director at First Citizens Healthcare Finance.
First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S. Using a client-focused and industry-centric model, Healthcare Finance can tailor its products and services to help clients meet their needs for growth capital.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran2@firstcitizens.com