NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance, LLC (“White Oak”), at the moment introduced that it acted as sole lender and administrative agent on the funding of a $25 million asset-based senior credit score facility for Aspen Expert Healthcare, Inc. (“Aspen”). The funds will primarily be used to finance ongoing working capital. Aspen’s unbiased associates function expert nursing services (“SNF”) primarily situated within the Los Angeles and San Francisco metro areas.
“Aspen’s community of unbiased working associates has constantly carried out effectively and grown even during times of serious uncertainty,” mentioned Ross Eldridge, EVP and Chief Originations Officer at White Oak. “We proceed to hunt out partnerships with best-in-class operators like Aspen.”
“White Oak supplied a versatile resolution for the capital wants of Aspen’s unbiased working associates and supplied certainty of execution,” mentioned Marcus Paxman, Chief Monetary Officer at Aspen. “Their expertise inside the SNF trade may be very deep and we’re excited to have a companion for progress beside us.”
About Aspen Expert Healthcare
Aspen Expert Healthcare, Inc. is headquartered in Laguna Niguel, CA, and operates 23 expert nursing and rehabilitative care services. Aspen’s community of unbiased working associates has developed a powerful repute for scientific and operational high quality since 2009.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC, an affiliate of White Oak World Advisors, LLC, is a lender to all subsectors inside the healthcare trade together with healthcare providers, pharma and life sciences, medical units, healthcare know-how, healthcare actual property, hospitals and SNF. The agency has deep area experience inside the healthcare sector which permits it to offer versatile and inventive options with certainty of execution. White Oak provides a differentiated product set together with money stream time period loans, asset based mostly loans and ABL Stretch services, unitranche services, final out financings, actual property financings, gear financings and opportunistic investments. As a lender with important capital availability, White Oak typically holds its full mortgage positions to maturity.
About White Oak World Advisors
White Oak World Advisors, LLC (“WOGA”) is a number one various debt supervisor specializing in originating and offering financing options to facilitate the expansion, refinancing and recapitalization of small and medium-sized enterprises. Along with its financing associates, WOGA offers over twenty lending merchandise to the market, together with time period, asset-based, and gear loans, to all sectors of the economic system. Since its inception in 2007, WOGA has deployed over $8 billion throughout its product traces, using a disciplined funding course of that focuses on delivering engaging risk-adjusted funding returns to traders whereas establishing long run partnerships with its debtors. Extra data could be discovered at www.whiteoaksf.com.