DW Healthcare Partners, a healthcare-focused private equity firm, made an investment in SoClean, Inc. an Oxford, Massachusetts-based provider of cleaning devices for Continuous Positive Airway Pressure machines.
White Oak Healthcare Finance acted as sole lead arranger and administrative agent on the funding of a $60m senior credit facility to finance the acquisition.
Led by Robert Wilkins, CEO, SoClean offers a direct-to-consumer in-home cleaning device for CPAP machines that improves health outcomes and quality of life for those suffering from obstructive sleep apnea and other sleep disorders.
Read the press releases about the transactions.
White Oak Healthcare Finance Provides $60 Million for DW Healthcare Partners’ Acquisition of SoClean
Oxford, MA (December 26, 2017) – White Oak Healthcare Finance, LLC (“WOHCF”) today announced it acted as sole lead arranger and administrative agent on the funding of a $60 million senior credit facility to finance the acquisition of SoClean Inc. (“SoClean”) by DW Healthcare Partners. SoClean is the only provider of fully automated cleaning devices for Continuous Positive Airway Pressure (“CPAP”) machines. CPAPs are used to improve health outcomes for those suffering from obstructive sleep apnea and other sleep disorders.
“SoClean has developed a patented and proprietary device that is the only fully automated cleaning device on the market,” said WOHCF’s Managing Director and Partner, Isaac Soleimani. “SoClean provides an effective solution to an otherwise burdensome, but necessary, cleaning process for CPAP equipment.”
SoClean cleaning devices sanitize the CPAP mask, hose and reservoir without the need for disassembly, water or chemicals. Improperly cleaned CPAP equipment is filled with harmful bacteria and germs that could make people sick when breathed into their body. Unlike the traditional soap and water cleaning approach, SoClean’s natural approach to CPAP sanitizing kills 99.9% of bacteria and germs, which leads to a healthier breathing experience.
DW Healthcare Partners Invests in SoClean, Inc.
Toronto, ON – December 20th, 2017 – DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm, is pleased to announce an investment in SoClean, Inc. (“SoClean”) of Oxford, Massachusetts.
SoClean offers a direct-to-consumer in-home cleaning device for CPAP machines that improves health outcomes and quality of life for those suffering from obstructive sleep apnea (“OSA”) and other sleep disorders.
Andrew Carragher, Co-Founder and Managing Partner of DWHP, said, “SoClean has revolutionized the way that CPAP machines are cleaned. We are excited to back a product that provides such substantial value to its users.”
“We believe that DWHP is the ideal partner to take SoClean to the next level.” said Robert Wilkins, CEO of SoClean. “We believe an aggressive growth strategy can provide improved health worldwide to those suffering from OSA.”