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.”
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.