LifeCare Holdings, Inc., a Plano, Texas-based healthcare services provider in the segment of long-term acute care, received a $40m asset based senior credit facility.
White Oak Healthcare Finance acted as lead lender and administrative agent on the funding.
The funds were primarily used to refinance existing indebtedness. White Oak previously announced the financing of LifeCare Home Health LLC, the home health entity owned by LifeCare.
Founded in 1992 and led by Jim Murray, CEO, LifeCare is a healthcare services provider in the segment of long-term acute care. Its system consists of 19 long-term acute care hospitals, two Transitional Care Centers, one Wound Care Center and one Behavioral Health Hospital. Additionally, under the company’s Home Health subsidiary, LifeCare operates multiple Certified Home Health Agencies.