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Asset/Investment Management

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Investments

9

Portfolio Exits

1

About White Oak Healthcare Finance

White Oak Healthcare Finance, an affiliate of White Oak Global Advisors, 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 Healthcare Finance Headquarter Location

3 Embarcadero Center 5th Floor

San Francisco, California, 94111,

United States

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Latest White Oak Healthcare Finance News

White Oak Healthcare Finance Provides $75MM Credit Facility to Advanced Recovery Systems

Jul 8, 2021

July 08, 2021 08:00 AM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )--White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to support Advanced Recovery Systems, LLC (“ARS” or the "Company"), a Goldman Sachs Asset Management portfolio company. ARS provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders. “ARS provides a medical model with superior outcomes that can result in lower costs and reduced readmission rates,” said Ross Eldridge, EVP and Chief Originations Officer of White Oak. “Their continuum of care model reduces the number of providers that payors need to manage and appeals to mission-driven medical professionals by leveraging data science to improve outcomes.” Founded in 2013 and headquartered in Fort Lauderdale, Florida, ARS is a behavioral health company that specializes in the treatment of alcohol and drug abuse, eating disorders, and associated mental health issues. The Company operates eleven facilities across Colorado, Florida, Maryland, Ohio, New Jersey, and Washington. “We are thrilled to partner with White Oak as we continue to expand Advanced Recovery Systems’ reach both geographically and across treatment modalities,” said Mitch Eisenberg, Chief Executive Officer of ARS. “White Oak’s support will enable us to impact lives on a broader scale and provide greater access to treatment for those seeking help.” “It was great to work with the team at White Oak given their broad and deep experience in behavioral healthcare,” added Paul Sorensen, Chief Financial Officer of ARS. “In addition to providing us with certainty of execution, their transaction process was both efficient and transparent.” About Advanced Recovery Systems Advanced Recovery Systems is an integrated behavioral health care management company dedicated to the treatment of addiction, substance abuse and mental health conditions. The Advanced Recovery Systems network of treatment centers includes The Recovery Village Umatilla (Umatilla, Florida), The Recovery Village at Palmer Lake (Palmer Lake, Colorado), The Recovery Village Ridgefield (Ridgefield, Washington), The Recovery Village Columbus (Groveport, Ohio), Orlando Recovery Center (Orlando, Florida), The Recovery Village at Baptist Health (Lake Worth and Miami, FL), Next Generation Village (Sebring, Florida) and The IAFF Center of Excellence for Behavioral Health Treatment and Recovery (Upper Marlboro, Maryland). Advanced Recovery Systems also manages three locations of Next Step Village (Maitland, Umatilla and Eustis, Florida), recovery residences providing supportive, transitional living opportunities. For more information, visit www.advancedrecoverysystems.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 (“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 and its affiliates have 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 . Contacts

White Oak Healthcare Finance Investments

9 Investments

White Oak Healthcare Finance has made 9 investments. Their latest investment was in Advanced Recovery Systems as part of their Line of Credit on July 7, 2021.

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White Oak Healthcare Finance Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/8/2021

Line of Credit

Advanced Recovery Systems

$75M

Yes

4

5/10/2021

Line of Credit

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$99M

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10

9/29/2020

Line of Credit

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$99M

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10

12/3/2019

Line of Credit

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$99M

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10

5/28/2019

Line of Credit

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$99M

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10

Date

7/8/2021

5/10/2021

9/29/2020

12/3/2019

5/28/2019

Round

Line of Credit

Line of Credit

Line of Credit

Line of Credit

Line of Credit

Company

Advanced Recovery Systems

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Subscribe to see more

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Amount

$75M

$99M

$99M

$99M

$99M

New?

Yes

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Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

10

10

10

10

White Oak Healthcare Finance Portfolio Exits

1 Portfolio Exit

White Oak Healthcare Finance has 1 portfolio exit. Their latest portfolio exit was Dental365 on July 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/23/2021

Acq - Fin

2

Date

7/23/2021

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

2

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