White Oak Healthcare Finance acted as sole lead arranger on the funding of a senior credit facility to finance the acquisition of New Life Health Group by CareMax Medical Group.
CareMax is an at-risk primary-care provider contracted by Medicare Advantage plans to provide care to patients in Florida.
“CareMax serves one of the largest and fastest growing Medicare and dual-eligible markets in the US,” said White Oak’s Managing Director Ross Eldridge. “Carlos and Albert De Solo are proven thought leaders in the Medicare Advantage space, and have methodically built an impressive platform. We are excited to partner with them on this transaction and be part of their growth story.”
Based in Florida, CareMax, founded by Carlos and Albert De Solo, operates a growing network of physicians and multi-specialty medical and wellness centers serving patients throughout Florida. The company offers a comprehensive range of medical services, including primary and preventative care, specialist services, diagnostic testing, chronic disease management, dental and optometry services under global capitation contracts.
Through its financing with White Oak, CareMax has added an 8th medical center to its network in Tamarac, FL, further extending its medical and wellness coverage to the Medicare Advantage eligible patients in Broward County.
