White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a senior credit facility for ViaQuest Holdings and affiliates to support the company’s acquisition by Council Capital, a Nashville, TN-based private equity fund.
Founded in 1999, ViaQuest provides community-based services and support to individuals with intellectual and development disabilities (I/DD), hospice care, behavioral and mental health services and home health services. Headquartered in Dublin, OH, ViaQuest provides services in Ohio, Pennsylvania and Indiana.
“The market for residential and community-based care has steadily grown as individuals are directed to the lowest cost and least restrictive care settings, and payors continue to direct people with I/DD away from institutions and into home and community settings,” Ross Eldridge, executive vice president and chief originations officer at White Oak Healthcare Finance, said. “We very much believe in the continuum of care the company provides and are excited to partner with Council Capital given their depth of experience in the space.”
“In addition to providing us with a compelling financing package, White Oak’s flexibility and knowledge of I/DD and healthcare services were unique and helpful,” Eric Keen, general partner at Council Capital, said. “White Oak did an exceptional job creating a facility that will provide ViaQuest flexibility to support its continued expansion.”
