CHARLOTTE, N.C., June 23, 2015 (GLOBE NEWSWIRE) -- Capitala Finance Corp. ("Capitala") (Nasdaq:CPTA) announced today that it recently invested $10.0 million in the senior secured debt of American Clinical Solutions, LLC ("ACS"), a leading provider of compliance regulated drug testing to aid physicians in the monitoring and managing of prescription pain medication intake and levels.
Headquartered in Sun City Center, Florida, ACS has developed a proprietary testing method with enhanced detection ability and improved accuracy. In addition to detecting improper use of prescribed and illicit drugs, ACS's testing method helps healthcare providers monitor the efficacy of prescription regimens and alter the dosing scheme in response to changes in a patient's health status, behavior or other variables, helping patients achieve better outcomes while providing a higher level of safety.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. Capitala Finance Corp. is managed by Capitala Investment Advisors, LLC. For more information, please visit www.CapitalaGroup.com
This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Capitala's filings with the Securities and Exchange Commission. Capitala Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
CONTACT: Capitala Finance Corp. Stephen Arnall, Chief Financial Officer 704-376-5502 firstname.lastname@example.org
Source:Capitala Finance Corp.