White Oak Healthcare Provides Financing to LifeCare Health Partners for Acquisition of EverCare and Care First

July 10, 2018

PLANO, Texas--(BUSINESS WIRE)--Jul 10, 2018--White Oak Healthcare Finance, LLC (“White Oak”), as sole lender and administrative agent, announced today it closed the financing for LifeCare Health Partners’ (“LifeCare Health”) acquisitions of EverCare Health Services, a provider of personal care and transitional support, as well as Care First Home Health Care, which offers skilled nursing, physical therapy, home health and other services. Financial terms of the deals were not disclosed.

“We are excited to further the relationship and be LifeCare Health’s partner for growth,” said Isaac Soleimani, Managing Director and Partner at White Oak. “LifeCare Health continues to make acquisitions in markets that make strategic sense and have a track record of growth.”

The deals mark LifeCare Health’s fourth and fifth transactions for agencies that provide home-based care, transactions that have helped fuel the industry’s booming M&A engine. White Oak previously also financed LifeCare Health’s acquisition of Beyond Faith Homecare & Rehab, which included 8 home health agencies in the North Texas Market, and currently provides working capital financing for these acquisitions along with LifeCare’s other home health and personal care entities in the Texas and Florida markets

“At LifeCare Health, our strategy is to create world-class, patient-centered, integrated clinical solutions—from the hospital to the home,” said Jim Murray, CEO. “To achieve this, we’re working diligently to be competitive across the post-acute care continuum.”

About LifeCare Health Partners

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.

LifeCare Health Partners encompasses the LifeCare Family of Hospitals as well as a spectrum of post-acute services including transitional care, inpatient and outpatient behavioral health treatment and home-based care. Care teams meet patients in the most appropriate care setting for their specific needs to advance health, healing and recovery across the care continuum.

Headquartered in Plano, Texas, the company was founded in 1992 and quickly grew into a system of 20 freestanding and “hospital-in-hospital” facilities in eight states designed to treat chronically ill and medically complex patients. In 2016, the organization expanded to include an even larger post-acute platform of services with the addition of home-based care. Today the company operates as LifeCare Health Partners.

About White Oak Healthcare Finance

White Oak Healthcare Finance, LLC, 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. White Oak has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. White Oak 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.

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CONTACT: White Oak Global Advisors, LLC

Jonathan Setiabrata

Investor Relations




SOURCE: White Oak Healthcare Finance, LLC

Copyright Business Wire 2018.

PUB: 07/10/2018 09:00 AM/DISC: 07/10/2018 09:01 AM


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