White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $82 million senior credit facility for Caregiver, a behavioral health company backed by both DW Healthcare Partners and Council Capital.

“We are very happy to again partner with DWHP and for the first time with Council given their collective deep experience in the sector. As a leading healthcare lender, we believe in the mission of the company and the importance of the services it provides to this population,” said Ross Eldridge, managing director at White Oak.

Caregiver provides residential and long-term support services to people with intellectual and developmental disabilities (IDD), allowing clients to live their most fulfilling life fully integrated into local community settings.

“It was great to work with the team at White Oak. In addition to providing us with a compelling financing package, their flexibility and knowledge of IDD is broad,” said Aly Champsi, managing director at DWHP.

“White Oak did an exceptional job creating a facility that will enable Caregiver the flexibility to continue its rapid expansion,” said Eric Keen, general partner at Council Capital.

Formed in 2015, Caregiver has nearly 3700 employees within the headquarters support group and branded affiliate organizations in four states. The affiliates provide intermediate, home and community care services to over 2800 individuals who qualify IDD or are impacted by related conditions.

White Oak Healthcare Finance 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. It 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.