White Oak Healthcare Finance acted as sole lender and administrative agent of a senior credit facility to United Dental Corporation, to finance four acquisitions in Arizona, California, Georgia and Colorado.

“The dental care industry is large, growing and extremely fragmented,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak.  “The Company is well-positioned to create a highly-differentiated platform and continue to be a consolidator and create value for stakeholders in a space where expenditures continue to increase.”  

UDC’s first wave of practices features a mix of specialty and general practice dentists located in key markets in California, Arizona, and Georgia. The practices included in the initial launch were selected to provide specific platform-level specialty and operations support to subsequent waves of acquisitions in UDC's pipeline.  UDC anticipates closing its second and third tranches of practices by March 2023.

“It was great to work with White Oak given their deep experience in the dental industry,” said Dr. Ray Khouri of UDC.  “They provided a customized and flexible credit solution while providing us with certainty of execution in a market that is very uncertain.”