Market Overview

White Oak Healthcare Finance Closes $40 Million Financing for LifeCare Holdings, Inc.


White Oak Healthcare Finance, LLC ("White Oak"), today announced it
acted as lead lender and administrative agent on the funding of a $40
million asset based senior credit facility for LifeCare Holdings, Inc.
("LifeCare"). 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.

"LifeCare serves a very critical need as they provide intensive and
specialized post-acute care services to patients with serious and
critically complex conditions," said Ross Eldridge, Managing Director at
White Oak. "We are excited to partner with its very experienced
management team and support their strategic plans."

Founded in 1992, LifeCare is a leading 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. Powered by passionate care teams, LifeCare
specializes in helping patients with expert, aggressive medical care in
warm, caring environments.

"White Oak again has proven to be a flexible partner for LifeCare
offering certainty of execution," said Jim Murray, CEO of LifeCare. "We
continue to advance health, healing and recovery across the continuum of

About LifeCare Holdings LLC

LifeCare Holdings LLC, which operates LifeCare Health Partners, is a
leading healthcare services provider dedicated to improving the quality
of life for patients and maximizing their potential for healing and
recovery. The company encompasses the LifeCare Family of Hospitals as
well as a variety of post-acute services including transitional care,
inpatient and outpatient behavioral health treatment and home-based
care. Learn more at

About White Oak Healthcare Finance

White Oak Healthcare Finance, LLC ("WOHCF"), an affiliate of White Oak
Global Advisors, LLC is a lender to all subsectors within the healthcare
industry including healthcare services, pharma and life sciences,
medical devices, healthcare technology, healthcare real estate,
hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on
healthcare which enables it to provide flexible and creative solutions
with certainty of execution. WOHCF offers a differentiated product set
including cash flow term loans, asset based loans and ABL Stretch
facilities, unitranche facilities, last out financings, real estate
financings, equipment financings and opportunistic investments. As a
lender with large pools of capital to deploy, WOHCF generally holds its
full loan positions to maturity.

About White Oak Global Advisors

White Oak Global Advisors, LLC is a leading global alternative asset
manager specializing in originating and providing financing solutions to
facilitate the growth, refinancing and recapitalization of small and
medium enterprises. Since its inception in 2007, White Oak Global
Advisors' disciplined investment process focuses on delivering
risk-adjusted investment returns and establishing long term partnerships
with our borrowers. More information can be found at

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