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White Oak Healthcare Finance leads $85MM Refi for American Medical Depot

July 12, 2017, 07:45 AM
Filed Under: Healthcare

American Medical Depot, a technology and data analytics driven supplier of medical products, equipment, and value added services to the full continuum of healthcare providers, announced it has raised $85 million to refinance existing debt, fund market expansion and further growth in sales, marketing and technology. White Oak Healthcare Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, leads the financing as sole lender and agent.  

“We’re excited to work with a strategic partner like White Oak,” said Sukrit Agrawal, CEO of AMD. “Our mission is to continually improve the delivery of medical supplies.  We have 180 of the brightest minds in healthcare working passionately to continue to build one of the largest and most successful diversified medical supply distributors in the nation.”

AMD’s unique offering and history of exceptional customer service positioned it to win an expanded contract with the Department of Veterans Affairs, with which it has a longstanding relationship extending more than two decades.  This expansion enables the company to serve multiple new territories and markets and accelerate its growth trajectory.

“AMD has established a differentiated presence within the U.S. government market as a result of a long track record of impeccable service delivery and product innovation enabled by highly collaborative working relationships,” said White Oak’s Managing Director and Partner, Isaac Soleimani.

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