White Oak Healthcare Finance acted as sole lender and administrative agent for a $75 million senior credit facility to support Advanced Recovery Systems, a Goldman Sachs Asset Management portfolio company.

Founded in 2013 and headquartered in Fort Lauderdale, FL, Advanced Recovery Systems provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders. The company operates 11 facilities across Colorado, Florida, Maryland, Ohio, New Jersey and Washington.

“ARS provides a medical model with superior outcomes that can result in lower costs and reduced readmission rates,” Ross Eldridge, executive vice president and COO of White Oak Healthcare Finance, said. “Their continuum of care model reduces the number of providers that payors need to manage and appeals to mission-driven medical professionals by leveraging data science to improve outcomes.”

“We are thrilled to partner with White Oak as we continue to expand Advanced Recovery Systems’ reach both geographically and across treatment modalities,” Mitch Eisenberg, CEO of Advanced Recovery Systems, said. “White Oak’s support will enable us to impact lives on a broader scale and provide greater access to treatment for those seeking help.”

“It was great to work with the team at White Oak given their broad and deep experience in behavioral healthcare,” Paul Sorensen, CFO of Advanced Recovery Systems, said. “In addition to providing us with certainty of execution, their transaction process was both efficient and transparent.”