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White Oak Healthcare Finance Provides $33MM Financing to DW Healthcare Partners-backed SoClean

October 10, 2018, 07:07 AM
Filed Under: Healthcare

White Oak Healthcare Finance, LLC announced that it closed an incremental financing for SoClean, Inc., a portfolio company of DW Healthcare Partners (DW).  SoClean is the only provider of fully automated cleaning devices for Continuous Positive Airway Pressure (CPAP) machines. 

White Oak previously financed DW’s acquisition of SoClean in 2017 as well as a separate upsizing earlier this year.

“We’re very focused on deep relationships like we have with both the sponsor and management on this transaction,” said White Oak Managing Director, Ross Eldridge.  “The company has increased revenue significantly in a short period of time while smartly managing its growth and execution.”

SoClean cleaning devices sanitize the CPAP mask, hose and reservoir without the need for disassembly, water or chemicals. Improperly cleaned CPAP equipment is filled with harmful bacteria and germs that could make people sick.

Unlike traditional soap and water methods and cleaning wipes, SoClean’s natural approach to CPAP sanitizing kills 99.9% of bacteria, which leads to a healthier breathing experience.

“Having a partner like White Oak that aligns with our investment thesis is critical,” said Aly Champsi, Managing Director at DW.  “Their team is very easy to work with and is extremely skilled.”

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