QMES secures $175M in financing

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Tuesday, March 6, 2018

NEW YORK – QMES has locked in a $157 million senior secured credit facility from CIT Group’s consumer finance business. QMES, a portfolio company of Quadrant Management, a private investment firm based in New York City, will use the new credit facility to refinance legacy debt, support growth and make strategic investments, according to a press release. “This new credit facility will enable us to expand beyond our core markets and further solidify our position in our current markets,” said Luke McGee, CEO of QMES, which serves 500,000 patients in the Mid-Atlantic and Northeastern states. “It will also allow us to continue to invest in our best-in-class technology solutions which continue to innovate our service offerings to providers and patients.” Last year, QMES secured a $65 million secured senior credit facility from CIT, and in 2014, it secured a $50 million credit facility.