Daily News: July 11, 2018

White Oak Supports LifeCare’s Evercare, Care First Buys


White Oak Healthcare Finance closed the financing for LifeCare Health Partners’ acquisitions of EverCare Health Services, a personal care and transitional support provider, and Care First Home Health Care, which offers skilled nursing, physical therapy, home health and other services. Financial terms of the deals were not disclosed.

“We are excited to further the relationship and be LifeCare Health’s partner for growth,” said Isaac Soleimani, managing director and partner at White Oak. “LifeCare Health continues to make acquisitions in markets that make strategic sense and have a track record of growth.”

The deals mark LifeCare Health’s fourth and fifth transactions for agencies that provide home-based care, transactions that have helped fuel the industry’s booming M&A engine. White Oak previously financed LifeCare Health’s acquisition of Beyond Faith Homecare & Rehab, which included eight home health agencies in the North Texas Market, and currently provides working capital financing for these acquisitions along with LifeCare’s other home health and personal care entities in the Texas and Florida markets