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White Oak Healthcare Finance Provides Nearly $21MM for Celerity Partners’ Acquisition of Total Care Rx

July 18, 2018, 07:08 AM
Filed Under: Healthcare

White Oak Healthcare Finance, LLC announced it acted as sole lender and administrative agent on the funding of a $20.65 million senior credit facility to finance the acquisition of Total Care Rx, Inc. (Total Care) by Celerity Partners. The company provides specialty, transplant, and long term care pharmacy services to over 4,000 patients in New York. Total Care is one of the largest organ transplant pharmacies in New York, dispensing medication to over 1,000 unique transplant patients.

“Total Care’s focus on chronic care and the transplant market is critical,” said White Oak’s Managing Director Ross Eldridge. “It is vital that patients follow all medication regimens following a transplant and we are very excited to partner with a company that is setting a new standard for personalizing a pharmacy.”

Total Care serves as an extension of a patient’s medical team to monitor medication compliance, provide education, and other value-added services not offered by retail pharmacies. Total Care filled more than 366,000 prescriptions in 2017, including wholesale generic and branded drugs. The company provides same-day deliveries within 50 miles of its location for over 90% of its prescriptions.

“We are pleased to be partnering with White Oak to leverage Total Care’s outstanding market reputation and customer service and build a substantially larger business,” said Celerity Partners’ Matt Kraus.

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