Daily News: October 10, 2018

WOHCF Provides $33MM Financing to SoClean

White Oak Healthcare Finance closed an incremental financing for SoClean, a portfolio company of DW Healthcare Partners.

SoClean is the only provider of fully automated cleaning devices for Continuous Positive Airway Pressure (CPAP) machines. White Oak previously financed DW’s acquisition of SoClean in 2017 as well as a separate upsizing earlier this year.

“We’re very focused on deep relationships like we have with both the sponsor and management on this transaction,” said White Oak Managing Director, Ross Eldridge. “The company has increased revenue significantly in a short period of time while smartly managing its growth and execution.”

SoClean cleaning devices sanitize the CPAP mask, hose and reservoir without the need for disassembly, water or chemicals. Unlike traditional soap and water methods and cleaning wipes, SoClean’s natural approach to CPAP sanitizing kills 99.9% of bacteria, which leads to a healthier breathing experience.