White Oak Healthcare Finance announced it acted as sole lender and administrative agent of a senior credit facility to United Dental Corporation (UDC), to finance four acquisitions in Arizona, California, Georgia, and Colorado.
“The dental care industry is large, growing and extremely fragmented,” said Ross Eldridge, EVP and chief originations officer at White Oak. “The company is well-positioned to create a highly-differentiated platform and continue to be a consolidator and create value for stakeholders in a space where expenditures continue to increase.”
UDC’s first wave of practices features a mix of specialty and general practice dentists located in key markets in California, Arizona, and Georgia. The practices included in the initial launch were selected to provide specific platform-level specialty and operations support to subsequent waves of acquisitions in UDC’s pipeline. UDC anticipates closing its second and third tranches of practices by March 2023.
“It was great to work with White Oak given their deep experience in the dental industry,” said Dr. Ray Khouri of UDC. “They provided a customized and flexible credit solution while providing us with certainty of execution in a market that is very uncertain.”
About UDC
UDC partners with high-performing dentists seeking to maximize the value of their practices while retaining their operational autonomy.
UDC supports dentists by providing capital, growth expertise, advanced data and analytics, technology, marketing, procurement, human resources, legal, insightful financial reporting, and accounting services.
Visit us at www.udc.dental.
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 support small and middle market enterprises at every stage of their lifecycle.
WOGA and its financing affiliates optimize capital structure based on available assets and cash flow and provide over twenty lending products to the market that include term, asset-based, and equipment loans.
Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a hands-on, disciplined investment process that focuses on delivering risk-adjusted investment returns to investors, while establishing long-term partnerships with its borrowers.
More information can be found at www.whiteoaksf.com.
