White Oak backs Hopebridge


White Oak Healthcare Finance has provided funding to Indianapolis-based Hopebridge LLC, a provider of pediatric, clinic-based, outpatient therapy services to children and adolescents with developmental and behavioral challenges. No financial terms were disclosed.

PRESS RELEASE

INDIANAPOLIS, IN (September 26, 2017) –White Oak Healthcare Finance, LLC (“White Oak”) announced today that it closed a financing for Hopebridge, LLC (“Hopebridge”). Hopebridge provides pediatric, clinic-based, outpatient therapy services to children and adolescents struggling with developmental and behavioral challenges. White Oak leads the financing as sole lender and agent.

“Hopebridge performs an immensely important role in the communities it serves,” said White Oak’s Managing Director and Partner, Isaac Soleimani. “Our team has significant experience in the behavioral health sector, and we look forward to helping Hopebridge continue its mission to reach this underserved part of the market.”

Hopebridge is a top provider of pediatric behavioral healthcare services, specializing in Autism Spectrum Disorders, Asperger’s, attention deficit disorder, oppositional defiant disorder, and other developmental challenges. The company is the largest provider of applied behavioral analysis in Indiana, and continues to expand its footprint into other states.

“Our mission is to continue building a multi-state platform that enables our patients to enjoy the best quality of life possible,” said Dennis May, CEO of Hopebridge. “We are excited to have a strategic partner like White Oak to help accelerate our growth.”

About Hopebridge
Hopebridge is committed to providing personalized therapy for children and families that have been touched by Autism Spectrum Disorder, behavioral, physical, social, communication and sensory challenges. Hopebridge’s unique multi-disciplinary approach, Hopebridge360™, ensures that it is treating the whole child, not simply a diagnosis. Through the coordinated effort of its team of diverse specialists, Hopebridge helps children and families live the best life possible. For more information, please visit www.hopebridge.com.

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.

PE Hub Healthcare Wire delivers private equity and M&A healthcare deal activity, fundraising news, people moves, regulatory updates and much more every Thursday. Subscribe now! It’s FREE.

Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now!