Caregiver, Inc., a Fort Worth, TX-based behavioral health company, received an $82m senior credit facility.
White Oak Healthcare Finance acted as sole lender and administrative agent on the funding.
The company intends to use the funds to continue its rapid expansion.
Backed by both DW Healthcare Partners and Council Capital, Caregiver provides residential and long-term support services to people with intellectual and developmental disabilities (“IDD”) – allowing consumers to live their life integrated into local community settings.
The company has nearly 3,700 employees within the headquarters support group and branded affiliate organizations in four states. The affiliates provide intermediate, home and community care services to over 2,800 individuals who qualify IDD or are impacted by related conditions.
Formed in 2015, Caregiver now includes these affiliates: Unified Care Group, Southern Concepts, River Gardens, Daybreak Community Services Inc., St. Giles Living Centers, DSA of Indiana, HHC of Ohio, and Omni Support Services of Tennessee. Services include supported home living, family protective services, case coordination, nursing services, respite services, day habilitation, psychology services, dental treatment, specialized therapies, adaptive aids, minor home modifications, and supported employment.