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White Oak Healthcare Provides Financing to LifeCare Health Partners for Acquisition of EverCare and Care First

PLANO, TX–White Oak Healthcare Finance, LLC (“White Oak”), as sole lender and administrative agent, announced today it closed the financing for LifeCare Health Partners’ (“LifeCare Health”) acquisitions of EverCare Health Services, a provider of personal care and transitional support, as well as Care First Home Health Care, which offers skilled nursing, physical therapy, home health and other services. Financial terms of the deals were not disclosed.

“We are excited to further the relationship and be LifeCare Health’s partner for growth,” said Isaac Soleimani, Managing Director and Partner at White Oak. “LifeCare Health continues to make acquisitions in markets that make strategic sense and have a track record of growth.”

The deals mark LifeCare Health’s fourth and fifth transactions for agencies that provide home-based care, transactions that have helped fuel the industry’s booming M&A engine. White Oak previously also financed LifeCare Health’s acquisition of Beyond Faith Homecare & Rehab, which included 8 home health agencies in the North Texas Market, and currently provides working capital financing for these acquisitions along with LifeCare’s other home health and personal care entities in the Texas and Florida markets

“At LifeCare Health, our strategy is to create world-class, patient-centered, integrated clinical solutions—from the hospital to the home,” said Jim Murray, CEO. “To achieve this, we’re working diligently to be competitive across the post-acute care continuum.”