Stellus Capital Management, LLC Provides Second Lien and Equity Financing in Support of The Riverside Company’s Acquisition of Naturally SlimJun 13, 2019
Houston – TX, June 11, 2019 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and equity co-investment in support of The Riverside Company’s investment in Naturally Slim® (“NS” or the “Company”), a digital health platform focused on helping participants lose weight, lower their risk for chronic disease, and lead healthier lives.
Based in Dallas, TX, NS provides a clinically-proven solution that drives behavioral changes to deliver long lasting results, including sustained weight loss and a reversal of Metabolic Syndrome risk factors that can lead to serious health conditions, like type 2 diabetes, heart disease and many forms of cancer. The Company’s scalable, self-paced digital program utilizes the latest behavioral health and teaching concepts to make weight loss achievable for participants. The Company primarily serves self-insured employers helping them create healthier employee populations.
“We are excited to partner with The Riverside Company and the Naturally Slim management team. We believe Naturally Slim is an important platform with a differentiated approach to healthcare and an outstanding, scalable digital platform. We appreciate the opportunity to support Riverside and Naturally Slim’s ongoing success” said Robert Collins, Managing Director at Stellus.
“We appreciated Stellus’ ability to work quickly and efficiently in support of a successful and timely transaction process,” said Anne Hayes, Partner at The Riverside Company adding, “We look forward to continuing our partnership with the Stellus team.”