White Oak Healthcare Finance acted as sole lender and administrative agent for a $20 million asset-based senior credit facility for Fox Rehabilitation.
The funds were primarily used to refinance existing indebtedness and support continued growth.
“We are excited to partner with a practice that is so highly focused on clinical outcomes. By investing in people and processes, Fox has demonstrated the unique ability to maintain continuity of care while expanding throughout the country,” said Ross Eldridge, managing director at White Oak.
Founded in 1998, Fox provides physical, occupational and speech therapy services to help geriatric patients regain a better quality of life. It provides services in patients’ homes, assisted living communities and adult day care centers.
“With the White Oak facility, we are confident in our ability to continue to invest in our people and give them the tools they need to succeed. The capital will allow us to bring our clinically excellent care and outcomes to more states throughout the U.S. in order for us to help older adults achieve what they once thought impossible — optimal function,” said Dr. Tim Fox, founder and CEO. “White Oak Healthcare Finance demonstrated a clear understanding of our business. We value the team’s consistent communication, speed of execution and the great relationship we have.”
