White Oak Healthcare Finance acted as sole lender and administrative agent for a senior credit facility to California Specialty Pharmacy (CSP) to support its acquisition by Assured Healthcare Partners (AHP). CSP is a specialty infusion pharmacy platform focused on managed care.
“Specialty drugs require additional patient education, adherence and support beyond traditional dispensing, which creates a large demand for specialty pharmacy services,” Ross Eldridge, executive vice president and chief origination officer at White Oak, said. “We are excited to support the CSP team and partner again with AHP as they invest in this growing and important subsector.”
Founded in 2008 and based in Whittier, CA, CSP has grown to support more than 10,000 patients and 2,600 referring providers in its core markets across multiple therapeutic areas. CSP provides services including pharmacy benefit management services to many independent physician associations, including site‐of-care optimization, data driven utilization analysis and quarterly business reviews.
“White Oak’s flexible structure and determined approach were critical for us in the process and will enable us to continue to efficiently scale our business,” George Kridner, CEO of CSP, said. “We are excited to have in White Oak a partner that aligns with the needs of our business.”
“It was great to again work with the team at White Oak given their broad and deep experience in the sector,” Ameya Agge, managing director at AHP, said. “Their assistance with the state boards of pharmacy approval process was extremely helpful to us and provided us with certainty of execution.”