NEW YORK--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lead arranger on the funding of a senior credit facility to finance the growth of Dental365 (“Company”). The Company is a leading dental service organization (“DSO”) in the New York City tri-state area.
“Dental365 is the market leading DSO that has an impressive track record of growth,” said White Oak’s Managing Director Ross Eldridge. “We are excited to partner with a company that provides a high level of care and focus on the patient experience.”
Dental365 operates 35 retail practices throughout the New York City metropolitan area including Manhattan, Brooklyn and Long Island. Dental365 offers a comprehensive range of dental services, including general dentistry, oral surgery, periodontics and restorative dentistry. The Company was founded on the concept of providing convenient, affordable services from expertly trained dentists.
“White Oak has a track record of success in executing transactions within the healthcare sector,” said Scott Asnis, DDS, Director of Dentistry and Chief Executive Officer of Dental365. “We appreciate their expertise in the dental space, as well as the flexibility of the capital they afforded the Company.”
About Dental365
Dental365 was founded in 2014 with the goal of improving the method of providing dental care to fit the busy lifestyles of residents in the New York metropolitan area. The mission of Dental365 is to be the leader in the field of dentistry by combining convenience, availability, and exceptional dental care in the most comfortable environment.
The Company offers state-of-the-art offices with the newest technology, equipment and provides cutting-edge procedures in dentistry. Dental365 is open every day of the year, 365 days, with expanded hours to meet the needs of the communities the Company serves. For more information, visit http://godental365.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’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
