University General Health System raises $19 million with MidCap Financial financing agreement.

University General Health System, Inc. has announced a $19 million financing agreement with MidCap Financial, LLC. The agreement refinances existing debt, eliminates tax liabilities, and includes a $15 million line of credit and a $4 million term note. Following the closing on September 28, 2012, the company accessed approximately $12.3 million. This deal is expected to provide the company with increased financial flexibility.