White Oak Global Advisors provided a $47.7 million senior secured term loan to a 100+ bed, acute care, for-profit hospital.
Located in the southwestern United States, the hospital has five operating theaters, two cardiac catheterization rooms, two endoscopy rooms and 11 emergency department rooms. They offer nuclear medicine services and physical therapy and rehabilitations services, as well as an on-site clinical laboratory and pharmacy. The financing will be used to purchase advanced diagnostic and therapeutic equipment.
White Oak served as the administrative agent and sole equipment lender for this transaction.