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White Oak Healthcare Finance Provides Financing to California Specialty Pharmacy to Support Acquisition

June 09, 2022, 07:38 AM
Filed Under: Pharmaceuticals

White Oak Healthcare Finance acted as sole lender and administrative agent of a senior credit facility to California Specialty Pharmacy (“CSP” or the “Company”) to support the acquisition by Assured Healthcare Partners (“AHP”). CSP is a specialty infusion pharmacy platform focused on managed care.

“Specialty drugs require additional patient education, adherence, and support beyond traditional dispensing, which creates a large demand for specialty pharmacy services,” said Ross Eldridge, EVP and Chief Origination Officer at White Oak.  “We are excited to support the CSP team and partner again with AHP as they invest in this growing and important subsector.”

Founded in 2008 and based in Whittier, CA, the Company has grown to support over 10,000 patients and 2,600 referring providers in its core markets across a number of therapeutic areas.  CSP provides significant value-added services including pharmacy benefit management services to many independent physician associations including site-of-care optimization, data driven utilization analysis, and quarterly business reviews.

“White Oak’s flexible structure and determined approach were critical for us in the process and will enable us to continue to efficiently scale our business,” said George Kridner, Chief Executive Officer at CSP.   “We are excited to have in White Oak a partner that aligns with the needs of our business.”

“It was great to again work with the team at White Oak given their broad and deep experience in the sector,” said Ameya Agge, Managing Director at AHP.  “Their assistance with the state boards of pharmacy approval process was extremely helpful to us and provided us with certainty of execution.”

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