White Oak Healthcare Finance Provides $41.5 Million to LifeCare Home Health For Acquisition and Growth
(Thomson Reuters ONE) -
PLANO, Texas, Sept. 19, 2017 (GLOBE NEWSWIRE) -- LifeCare Home Health LLC
("LifeCare"), a leading post-acute health care company, announced today the
acquisition of Beyond Faith Homecare & Rehab LLC, which has multiple locations
across Texas. White Oak Healthcare Finance, LLC ("White Oak") leads the
financing as sole lender and agent.
"Our mission is to build a multi-state platform that is well positioned to
participate in the post-acute continuum and support a value-based care
environment," said Jim Murray, CEO of LifeCare. "We are excited to work with a
strategic partner like White Oak, which has such deep domain expertise, to help
finance our growth."
With a long history of providing industry-leading quality outcomes in long-term
acute care, LifeCare is making investments in post-acute assets including home
health, wound care centers, intermediate skilled nursing, transitional care and
behavioral health services.
"LifeCare has strong and well-established relationships with top health systems,
payors, referral sources and physicians enabling them to offer best-in-class
service to patients," said White Oak's Managing Director and Partner, Isaac
Soleimani. "We are looking forward to helping them continue this impressive
trajectory."
About LifeCare Home Health
LifeCare Home Health, part of LifeCare Health Partners, provides customary
skilled home healthcare services, including Nursing Services, Physical Therapy
and Occupational Therapy, along with limited private duty and unskilled care.
LifeCare Health Partners, a leading healthcare services provider, is dedicated
to improving the quality of life for patients and maximizing their potential for
healing and recovery. Powered by passionate care teams, LifeCare specializes in
helping patients with expert, aggressive medical care in warm, caring
environments.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC ("WOHCF"), an affiliate of White Oak Global
Advisors, LLC is a lender to all subsectors within the healthcare industry
including healthcare services, pharma and life sciences, medical devices,
healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has
deep domain expertise with a sole focus on healthcare which enables it to
provide flexible and creative solutions with certainty of execution. WOHCF
offers a differentiated product set including cash flow term loans, asset based
loans and ABL Stretch facilities, unitranche facilities, last out financings,
real estate financings, equipment financings and opportunistic investments. As
a lender with large pools of capital to deploy, WOHCF generally holds its full
loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager
specializing in originating and providing financing solutions to facilitate the
growth, refinancing and recapitalization of small and medium enterprises. Since
its inception in 2007, White Oak Global Advisors, LLC's disciplined investment
process aims to deliver risk-adjusted investment returns for our investors while
establishing long term partnerships with our borrowers. More information can be
found at www.whiteoaksf.com.
Media Contact:
Emma Smith
esmith(at)kcsa.com
212-896-1251
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: White Oak Global Advisors via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.09.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 560466
Anzahl Zeichen: 4241
contact information:
Town:
San Francisco
Kategorie:
Business News
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"White Oak Healthcare Finance Provides $41.5 Million to LifeCare Home Health For Acquisition and Growth"
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