Clarus Capital announced it has completed a new $5 million loan facility for a sponsor-backed health diagnostics provider. Funding proceeds replenished liquidity utilized to acquire new lab testing equipment as part of the company’s multi-year strategic upgrade initiative to expand capabilities and increase throughput.

Clarus CEO Steve O’Leary said, “Our client is an essential provider of critical medical diagnostic services, and we appreciate the opportunity to support its continued growth. This transaction demonstrates our team’s commitment to provide flexible and transparent financing solutions for essential use assets and we look forward to future opportunities to demonstrate these core capabilities.”

Clarus Chairman Tim Conway added, “We are excited to continue our team’s longstanding partnership with this sponsor and its portfolio companies. Having closed more than $500 million of cumulative cash flow financings for this sponsor throughout our multi-decade relationship, we are pleased to close this transaction as it marks a new chapter financing essential use assets.”