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.
Source:White Oak Global Advisors