The acquisition will be beneficial for providing better medical benefits and financing solutions.
FREMONT, CA: LBC Credit Partners (LBC), a significant supplier of middle-market financing solutions, provided senior secured credit facilities to support the purchase of e+CancerCare (e+) by Integrated Oncology Network (ION), a portfolio company of Silver Oak Services Partners.
The e+ team shares the task of ION as a value-added partner that allows hospitals and doctors to provide patients with the most excellent quality of care.
e+ is a major provider of outpatient cancer care centers in ten states with 21 centers, and offers a comprehensive, integrated range of care including diagnostic testing, oncology of radiation, medical oncology and ancillary services. The company aims to provide physicians and hospitals with the financial and operational support they need so that they can concentrate on providing the highest quality care close to home. The cure is more than just medicine. e+ creates an environment in which patients know that they care about their physical, emotional, mental, and physical health.
ION and its subsidiaries focus on quality patient care with skills in oncology radiation operations and provide management services to its physicians and hospital associates including practice management, revenue cycle, compliance, HR, physics & dosimetry, and IT.
A private equity investment company based in Evanston, Illinois, is Silver Oak Services Partners. The management team of the organization comprises of experienced investment professionals with over 75 years of collective experience in private equity. The company focuses on investing in medium-market healthcare, business, and consumer services organizations in the U.S.
LBC served as the Senior Secured Credit Facility Sole Lead Arranger and Administrative Agent.
LBC Credit Partners offers middle-market and small-cap financing solutions that support sponsored and non-sponsored transactions across a broad spectrum of sectors throughout the U.S. With over $3 billion in capital investments, throughout the company’s 14-year history, LBC has provided over $5.9 billion to over 219 issuers.