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

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.”

About LifeCare Health Partners

LifeCare Health Partners, a leading healthcare services provider, is
dedicated to improving the quality of life for patients and maximizing
their potential for healing and recovery. Powered by passionate care
teams, LifeCare specializes in helping patients with expert, aggressive
medical care in warm, caring environments.

LifeCare Health Partners encompasses the LifeCare Family of Hospitals as
well as a spectrum of post-acute services including transitional care,
inpatient and outpatient behavioral health treatment and home-based
care. Care teams meet patients in the most appropriate care setting for
their specific needs to advance health, healing and recovery across the
care continuum.

Headquartered in Plano, Texas, the company was founded in 1992 and
quickly grew into a system of 20 freestanding and “hospital-in-hospital”
facilities in eight states designed to treat chronically ill and
medically complex patients. In 2016, the organization expanded to
include an even larger post-acute platform of services with the addition
of home-based care. Today the company operates as LifeCare Health
Partners.

About White Oak Healthcare Finance

White Oak Healthcare Finance, LLC, 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. White Oak has deep domain expertise with a sole
focus on healthcare which enables it to provide flexible and creative
solutions with certainty of execution. White Oak 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 is a leading global alternative asset
manager specializing in originating and providing financing solutions to
facilitate the growth, refinancing and recapitalization of small and
medium enterprises. Since its inception in 2007, White Oak Global
Advisors, LLC’s disciplined investment process aims to deliver
risk-adjusted investment returns for our investors while establishing
long term partnerships with our borrowers. More information can be found
at www.whiteoaksf.com.

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