Financial

White Oak Healthcare Finance Provides $75MM Credit Facility to Advanced Recovery Systems – News

White Oak Healthcare Finance acted as sole lender and administrative agent of a senior credit facility to support Advanced Recovery Systems, LLC, a Goldman Sachs Asset Management portfolio company. ARS provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders.

“ARS provides a medical model with superior outcomes that can result in lower costs and reduced readmission rates,” said Ross Eldridge, EVP and Chief Originations Officer of White Oak. “Their continuum of care model reduces the number of providers that payors need to manage and appeals to mission-driven medical professionals by leveraging data science to improve outcomes.”

Founded in 2013 and headquartered in Fort Lauderdale, Florida, ARS is a behavioral health company that specializes in the treatment of alcohol and drug abuse, eating disorders, and associated mental health issues. The Company operates eleven facilities across Colorado, Florida, Maryland, Ohio, New Jersey, and Washington.

“We are thrilled to partner with White Oak as we continue to expand Advanced Recovery Systems’ reach both geographically and across treatment modalities,” said Mitch Eisenberg, Chief Executive Officer of ARS. “White Oak’s support will enable us to impact lives on a broader scale and provide greater access to treatment for those seeking help.”

“It was great to work with the team at White Oak given their broad and deep experience in behavioral healthcare,” added Paul Sorensen, Chief Financial Officer of ARS. “In addition to providing us with certainty of execution, their transaction process was both efficient and transparent.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now. “It was great to work with the team at White Oak given their broad and deep experience in behavioral healthcare,” added Paul Sorensen, Chief Financial Officer of ARS. “In addition to providing us with certainty of execution, their transaction process was both efficient and transparent.”

Source: https://www.abladvisor.com/news/31510/white-oak-healthcare-finance-provides-75mm-credit-facility-to-advanced-recovery

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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