NEW YORK, March 15, 2022–(COMMERCIAL WIRE)–White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and managing agent for a senior credit facility to recapitalize and extend growth capital to Youth Opportunity Investments (“YOI”), a Provider of adolescent and psychiatric treatment services in four US states.
Founded in 2009 and headquartered in Carmel, Indiana, YOI provides comprehensive residential treatment services to adolescents, targeting individuals who have experienced neglect, substance abuse, behavioral and mental health issues. The company leverages individualized treatment plans, evidence-based practices, and interactive technology that have resulted in superior clinical outcomes in the industry.
“YOI is distinguished by its experienced management team, mission-driven culture and proprietary clinical approach that empowers people,” said Ross Eldridge, executive vice president and chief originator for White Oak. “We are excited to support the continued geographic and service expansion of YOI’s management team into trauma care, psychiatric care and other behavioral services.”
“We are very excited about our financial partnership and our strong relationship with White Oak,” said Ronald Hunter, CEO of YOI. “White Oak demonstrated a deep understanding of the challenges and opportunities within our industry and operated transparently throughout the transaction process,” added Mr. Hunter.
About the youth opportunity
Youth Opportunity Investments was founded in 2009 as an adolescent treatment provider focused on improving the lives of at-risk youth. The Company serves people through residential treatment centers in Florida, Michigan, Tennessee and Texas. The company has more than 1,000 clinical and support staff who provide behavioral health services, including mental health care and treatment programs and trauma-informed care to address substance abuse and co-occurring disorders.
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, pharmaceuticals, and life sciences. life, medical devices, health care technology, health care real estate, hospitals and SNFs. WOHCF has deep domain expertise with a unique focus on healthcare, enabling it to deliver flexible and creative solutions with certainty of execution. WOHCF offers a suite of differentiated products including Cash Flow Term Loans, Asset Based Loans and ABL Stretch Facilities, Single Tranche Facilities, Last Minute Financings, Real Estate Financings, Equipment Financings and Opportunistic Investments.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financial solutions to facilitate the growth, refinancing and recapitalization of small and midsize businesses. Together with its financial affiliates, WOGA offers more than twenty loan 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 more than $10 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.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220315005377/en/
contacts
Spencer Tait
Prosek Partners (on behalf of White Oak Global Advisors)
[email protected]
