NEW YORK--(BUSINESS WIRE)--White Oak Global Advisors LLC (“White Oak”) announced today it has provided a senior credit facility to Prime Plastic Surgery & Med Spa (“Prime”), a healthcare partnership comprised of the country’s leading board-certified aesthetic surgery practices. Proceeds will be used to fuel future acquisitions and scale up existing operations and facilities.
“Prime is quickly expanding as a leading provider in the space known for the most excellent patient care,” said Allan Marzen, Managing Director of White Oak Global Advisors. “We’re pleased to have helped support their growth story and welcome the opportunity to work together on future acquisitions.”
Prime Plastic Surgery was founded less than three years ago by Western Metal Investments, a healthcare-focused family office led by Dr. James Chao and George Scopetta. Addressing the challenges of a fragmented industry, Prime Plastic Surgery has created a unique physician-led business model with the goal of establishing the industry’s most elite brand focused on quality surgeries and improving the patient experience.
“White Oak’s flexible structure and speed of execution were critical for us at this stage of our company’s growth,” said Dr. James Chao, Co-Founder of Prime Plastic Surgery. “Our partnerships unlock value for leading practices by reducing their cost structure, easing operational burden, and providing significant capital to scale operations. We’re grateful to be working with a capital provider such as White Oak that enables us to continue in our mission of improving patient care.”
The announcement coincides with Prime finalizing the acquisition of Changes Plastic Surgery & Spa, located in San Diego, CA; and West End Plastic Surgery, located in Washington, D.C. To date, Prime has acquired seven practices in the California and Washington, D.C. markets to become one of the nation’s largest plastic surgery groups.
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, fulfilling capital needs ranging from $5 million to $200 million. 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.
ABOUT PRIME PLASTIC SURGERY
Prime Plastic Surgery consists of the top board-certified surgeons in the country providing the highest caliber of patient care. We offer cosmetic procedures, both surgical and non-surgical, to help patients achieve truly life-changing results. Through an innovative business model, we have compiled under one corporate entity several leading practices across the country, reducing costs and enhancing patient care. For more information, visit www.PrimePlasticSurgery.com.