White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to HighFive Healthcare (“HighFive”). HighFive is a specialty dental service organization (“DSO”) focused on acquiring high production endodontics and oral surgery dental practices in the southeastern U.S.
“There is a very big need for specialty DSOs in the marketplace as they relieve specialists from administrative burdens freeing them to focus solely on the practice of medicine,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak. “We are specifically very supportive of HighFive’s focus on specialties that are essential and non-discretionary and look forward to being their partner as they continue to grow.”
Founded in 2018 and based in Birmingham, AL, HighFive is a specialty DSO started by Chad Trull. HighFive is the largest multi-specialty organization that specifically works with oral surgeons and endodontist under a single portfolio company.
“It was great to work with the team at White Oak given their broad and deep experience in the sector. We consider the team at White Oak a long-term partner that can help HighFive achieve aggressive growth for years to come,” said Chad Trull, CEO at HighFive.
About HighFive Healthcare
HighFive Healthcare partners with endodontist and oral surgeons throughout Alabama, Kentucky, Mississippi, with near-term plans to expand to South Carolina, Florida, Tennessee and Georgia by the end of 2021. HighFive is owned by the doctors and management team members who have deployed over $30M of their own capital, building state-of-the-art infrastructure and premier clinical leadership supported by an executive management team that brings a deep breadth of business acumen across the healthcare continuum to serve the doctors and their practices.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $9 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
Prosek Partners (on behalf of White Oak Global Advisors)