Philadelphia’s LBC Credit Partners, a provider of financing solutions to middle-market companies, provided senior secured credit facilities to support the acquisition of e+CancerCare by Integrated Oncology Network LLC, a portfolio company of Silver Oak Services Partners LLC, a private equity investment firm based in Evanston.
LBC served as Sole Lead Arranger and Administrative Agent for the senior secured credit facilities.
e+ is an operator of outpatient cancer care centers with 21 centers in 10 states. The company provides a complete integrated continuum of care, including diagnostic testing, radiation oncology, medical oncology and ancillary services.
The combination of ION and e+, along with ION's recently announced acquisition of Gamma West Brachytherapy, creates a leading cancer treatment platform with 51 locations across 17 states.