White Oak Healthcare Finance Offers $ 75 Million Credit Facility to Advanced Recovery Systems



NEW YORK–(COMMERCIAL THREAD) – White Oak Healthcare Finance, LLC (“White Oak”) announced today that it is acting as Sole Lender and Administrative Agent for a Senior Credit Facility to support Advanced Recovery Systems, LLC (“ ARS ”or the“ Company ”), a Portfolio Company of Goldman Sachs Asset Management. The ARS provides inpatient and outpatient treatment services to patients with drug addiction, substance abuse and behavioral disorders.

“ARS provides a medical model with superior outcomes that can lead to lower costs and reduced readmission rates,” said Ross Eldridge, executive vice president and director of origins for White Oak. “Their continuum of care model reduces the number of providers that payers have to manage and brings in mission-driven healthcare professionals by leveraging data science to improve outcomes. ”

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

“We are delighted to partner with White Oak as we continue to expand the reach of Advanced Recovery Systems both geographically and across treatment modalities,” said Mitch Eisenberg, CEO of ARS. “White Oak’s support will allow us to impact lives on a larger scale and provide better access to treatment for those who seek help.

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

About advanced recovery systems

Advanced Recovery Systems is an integrated behavioral health care management company dedicated to the treatment of addiction, addiction and mental health issues. The Advanced Recovery Systems network of treatment centers includes The Recovery Village Umatilla (Umatilla, Florida), The Recovery Village at Palmer Lake (Palmer Lake, Colorado), The Recovery Village Ridgefield (Ridgefield, Washington), The Recovery Village Columbus (Groveport, Ohio), Orlando Recovery Center (Orlando, Florida), The Recovery Village at Baptist Health (Lake Worth and Miami, FL), Next Generation Village (Sebring, Florida) and The IAFF Center of Excellence for Behavioral Health Treatment and Recovery (Upper Marlboro , Maryland). Advanced Recovery Systems also operates three Next Step Village sites (Maitland, Umatilla and Eustis, Florida), recovery residences offering life transition opportunities and support. For more information visit www.advancedrecoverysystems.com.

About White Oak Healthcare Finance

White Oak Healthcare Finance, LLC (“WOHCF”), a subsidiary of White Oak Global Advisors, LLC, is a lender of all sub-sectors of the healthcare industry, including healthcare, pharmacy and health sciences. life, medical devices, health technologies, healthcare real estate, hospitals and SNF. WOHCF has deep domain expertise with a unique focus on healthcare, enabling it to deliver flexible and creative solutions with certainty of execution. WOHCF offers a range of differentiated products including term cash flow loans, asset-based loans and ABL Stretch facilities, unitranche facilities, last resort finance, real estate finance, equipment finance and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF typically holds all of its loan positions to maturity.

About White Oak Global Advisors

White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in the creation and delivery of financing solutions to facilitate the growth, refinancing and recapitalization of small and medium-sized businesses. Together with its financing subsidiaries, WOGA provides more than twenty market loan products, including term, asset and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed more than $ 8 billion across its product lines, using a disciplined investment process that focuses on providing risk-adjusted investment returns to investors throughout by establishing long-term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.


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