FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


White Oak Healthcare Finance Provides $395MM Senior Credit Facility to Genesis Healthcare

March 18, 2022, 08:00 AM
Filed Under: Healthcare

White Oak Healthcare Finance acted as sole lender and administrative agent for a $395 million senior credit facility to Genesis Healthcare, Inc.

With roots dating back to 1985, Genesis is a holding company with subsidiaries that, on a combined basis, offer services to more than 250 skilled nursing facilities and assisted/senior living communities in 22 states nationwide. Genesis affiliates provide high-quality post-acute care, long-term care and assisted/senior living services in the local markets in which they serve.

“Genesis is a well-established and important healthcare provider in the post-acute – long-term care continuum. We are very excited to be their financing partner and to help them continue to provide high-quality services to this important population,” said Isaac Soleimani, Chairman and CEO at White Oak. “Being able to provide and hold the entire credit facility underscores our commitment to the industry and ability to deliver certainty of execution for our clients.”

“We are excited about our partnership and strong relationship with White Oak,” said David Harrington, Executive Chairman at Genesis. “White Oak has a deep understanding of the skilled nursing industry as well as the challenges and opportunities within our sector. Their unique combination of domain expertise, flexibility, and transparency made the process very efficient and a great pleasure for us. This loan is an important step in the restructuring of Genesis as a leader in high-quality health care service delivery.”

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.