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LBC Credit Partners Supports Silver Oak Recap of Integrated Oncology Network

October 23, 2018, 07:10 AM
Filed Under: Medical

EDITOR'S NOTE: An earlier posting of this story contained an error in the headline, specifically the wrong borrower. We at ABL Advisor regret the error.   

LBC Credit Partners provided senior secured credit facilities to support Silver Oak Services Partners, LLC's (Silver Oak) recapitalization of Integrated Oncology Network (ION).

ION is a leading provider of physician management, radiation oncology management and cancer center development to hospital and physician partners. 

ION is a partner in 19 centers across eight states, providing expertise in strategic solutions, development, financing and management services including radiation oncology operations, revenue cycle management, compliance, HR, IT and accounting.

Silver Oak invests in healthcare, business, and consumer services companies in the lower middle market, typically with EBITDA of $4 million to $20 million. ION is the sixth platform investment out of Silver Oak Services Partners III.

LBC served as Joint Lead Arranger for the senior secured credit facilities.


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