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White Oak Healthcare Finance Provides $161 Million to Support Allegiant Healthcare's SNF Acquisition

Jan 02, 2019 - Business Wire
Partnership Announcement

White Oak Healthcare Finance, LLC ("White Oak"), today announced it acted as sole lender and administrative agent on the funding of a $161 million senior credit facility for Allegiant Healthcare ("Allegiant") and Hillstone Healthcare, Inc. ("Hillstone"). The funds were used to acquire and provide working capital for a portfolio of 17 skilled nursing facilities in Ohio.

"Allegiant is a very experienced investor that has become one of the top investors in the post-acute care industry," said ...