LBC Credit Partners provided senior secured credit facilities to support the acquisition of e+CancerCare (e+) by Integrated Oncology Network, LLC (ION), a portfolio company of Silver Oak Services Partners, LLC.
Founded in 2002, e+ is a leading operator of outpatient cancer care centers with 21 centers in ten states. e+ provides a complete integrated continuum of care, including diagnostic testing, radiation oncology, medical oncology and ancillary services.
ION and its subsidiaries are focused on quality patient care with expertise in radiation oncology operations and provide its physician and hospital partners management services including practice management, revenue cycle, compliance, HR, physics & dosimetry and IT. The combination of ION and e+, along with ION's recently announced acquisition of Gamma West Brachytherapy, creates a leading cancer treatment platform with 51 locations across 17 states.
Silver Oak Services Partners, LLC, is a private equity investment firm based in Evanston, Illinois. The firm's management team is comprised of experienced investment professionals with over 75 years of collective private equity experience. The firm focuses on making investments in the U.S. in middle-market healthcare, business, and consumer services companies.
LBC served as Sole Lead Arranger and Administrative Agent for the senior secured credit facilities.