NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent on the funding of a senior credit facility for ViaQuest Holdings, Ltd. and affiliates (“ViaQuest”) to support the acquisition by Council Capital, a Nashville based private equity fund. ViaQuest is a provider of services for individuals with intellectual and development disabilities (“I/DD”), hospice services, and other behavioral health services to individuals.
“White Oak did an exceptional job creating a facility that will provide ViaQuest flexibility to support its continued expansion.”
“The market for residential and community-based care has steadily grown as individuals are directed to the lowest cost and least restrictive care settings and payors continue to direct people with I/DD away from institutions and into home and community settings,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak. “We very much believe in the continuum of care the company provides and are excited to partner with Council Capital given their depth of experience in the space.”
Founded in 1999, ViaQuest provides community-based services and support to individuals with I/DD, hospice care, behavioral and mental health services and home health services. ViaQuest delivers care tailored to patients’ and their family’s individual needs and circumstances. Headquartered in Dublin, Ohio, ViaQuest provides services in Ohio, Pennsylvania, and Indiana.
“In addition to providing us with a compelling financing package, White Oak’s flexibility and knowledge of I/DD and healthcare services were unique and helpful,” said Eric Keen, General Partner at Council Capital. “White Oak did an exceptional job creating a facility that will provide ViaQuest flexibility to support its continued expansion.”
About ViaQuest
Founded in 1999 and headquartered in Dublin, Ohio, ViaQuest offers quality, highly-personalized, specialized and cost-effective care, solutions and services in I/DD, hospice care and behavioral and mental health. More information can be found at www.viaquestinc.com.
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. 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 (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA has deployed over $8 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
The M&A market for healthcare companies continues to strengthen in 2021. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
www.paragonventures.com
800-719-1555
