Millennium Pharmacy Systems and MidCap Financial Close New $35 Million Senior Credit...

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Mon Jan 12, 2009 3:30pm EST

Millennium Pharmacy Systems and MidCap Financial Close New $35 Million Senior
Credit Facility

DiBari Group acts as Debt Advisor

OAKBROOK, Ill., Jan. 12 /PRNewswire/ -- Millennium Pharmacy Systems, Inc.
(MPS, or Millennium), a leader in long-term care institutional pharmacy
services, today announced it has closed a $35 million senior credit facility
with Bethesda, MD based MidCap Financial.  The credit facility will be used to
support the company's continued growth and market expansion.

"The financing commitment provided by MidCap allows us to continue offering
superior service to our customers while aggressively growing our business and
expanding to new markets", said Richard Scardina, Chief Executive Officer of
MPS. "From a financing perspective, MidCap is an ideal partner for MPS that
can support MPS well into the future", commented Boyd Gentry, EVP and Chief
Financial Officer.

MidCap Financial, which launched operations earlier this year, provides a full
spectrum of debt financing products and offers the financial resources to
support MPS through all phases of future growth.  "Millennium delivers its
skilled nursing customers with the only comprehensive, technology enabled,
long-term care pharmacy solution.  Millennium's superior solution has enabled
the company to organically grow in excess of 100% annually.  We are pleased
that our financing will help support this impressive growth.  This financing
solution is an ideal fit for the client base we are building here at MidCap"
says Garrett Fletcher, Product Leader of the Asset Based Lending division of
MidCap.

The DiBari Group acted as debt advisor for the financing.

Millennium Pharmacy Systems, Inc. 
Millennium Pharmacy Systems, Inc. (MPS) is a leader in institutional pharmacy
services. Through the use of its proprietary software and automated dispensing
technologies, MPS provides the only comprehensive solution available in the
industry that automates the institutional pharmacy process from computerized
order entry through technology enhanced medication administration and record
keeping.  MPS customers enjoy lower pharmacy spend, reduced inventory levels,
more efficient labor utilization, and improved regulatory compliance.  The
company, headquartered in Oakbrook, IL operates four regional pharmacies
servicing in excess of 100 long-term care facilities. MPS' institutional
investors include Essex Woodlands Health Ventures, CHL Medical Partners,
Boulder Ventures and Ascension Health Ventures.  For more information, visit
www.mpsrx.com.

MidCap Financial, LLC
MidCap Financial is a commercial finance company focused on middle market
lending in healthcare and other specialty vertical markets.  MidCap
specializes in middle market loans in the $10 million to $200 million range. 
Its principal officers are all veterans of the health care finance industry,
having worked together at three healthcare finance companies previously.  The
company is headquartered in Bethesda, MD, with offices in Chicago and Los
Angeles.

MidCap Financial focuses on investments in four areas:

    --  Real estate loans to senior housing, skilled nursing facilities and
        medical office buildings;
    --  Working Capital loans collateralized by third-party accounts
receivable
        and other assets;
    --  Leveraged loans to healthcare companies backed by private equity
        sponsors; and
    --  Life sciences loans, primarily to pharmaceutical, biotech and medical
        device companies.




Additional information about MidCap Financial can be found at
www.midcapfinancial.com.

The DiBari Group, LLC
The DiBari Group is a financial advisory and consulting firm dedicated to
procuring debt capital for both public and private companies in various stages
of development. The firm has supported high growth companies for over 10 years
with an emphasis in technology, healthcare and life sciences. For more
information, visit www.dibarigroup.com.

SOURCE  Millennium Pharmacy Systems, Inc.

Boyd Gentry, EVP and CFO of Millennium Pharmacy Systems, Inc.,
+1-404-394-6596
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