American Medical Depot raised $85 million to refinance existing debt, fund market expansion and further growth in sales, marketing and technology.
White Oak Healthcare Finance, an affiliate of White Oak Global Advisors, led the financing as sole lender and agent.
“We’re excited to work with a strategic partner like White Oak,” said Sukrit Agrawal, CEO of AMD. “Our mission is to continually improve the delivery of medical supplies. We have 180 of the brightest minds in healthcare working passionately to continue to build one of the largest and most successful diversified medical supply distributors in the nation.”
“AMD has established a differentiated presence within the U.S. government market as a result of a long track record of impeccable service delivery and product innovation enabled by highly collaborative working relationships,” said White Oak’s managing director and partner, Isaac Soleimani.
AMD is a supplier to the surgical and medical industry that serves both the acute care and alternate site markets.