INDIANAPOLIS--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC (“White Oak”) announced today that it closed an incremental financing for Hopebridge, LLC (“Hopebridge”). Hopebridge provides pediatric, clinic based, outpatient therapy services to children and adolescents struggling with developmental and behavioral challenges such as Autism Spectrum Disorder or “ASD”. White Oak leads the financing as sole lender and agent. Baird Capital is an investor in Hopebridge.
“We are excited to continue the relationship with Hopebridge and strengthen our partnership,” said White Oak Managing Director, Ross Eldridge. “Hopebridge provides critical services to an underserved autism population and the company has done an excellent job of managing rapid expansion.”
Dennis May, CEO of Hopebridge, commented, “As we continue to expand our reach, White Oak has been an instrumental partner in fueling our continued growth. As a result of our partnership with White Oak and the amazing work of our therapists, we’ve become the largest clinical provider of ABA services in the Midwest.”
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 intellectual challenges. The company operates in Ohio, Indiana and Kentucky while continuing to expand into other geographies to meet the rising demand for Autism related services.
Hopebridge is committed to providing personalized therapy for children and their families touched by behavioral, physical, social, communication and sensory challenges, helping them live their best life possible. Since opening our doors in September 2005, we have worked hard to build a team of motivated, highly-specialized therapists dedicated to helping children. Our team members focus on the individual needs of each child and family through a one to one approach. Services include pediatric outpatient Applied Behavior Analysis (ABA) for autistic and non-verbal children, occupational, physical and speech therapies. http://www.hopebridge.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.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.