“We are excited to partner with this group of experienced healthcare lenders as we continue to execute upon Choice’s growth plans, including the expansion of the Company’s hospice offering within each of Choice’s core markets, as well as entering new market geographies“ commented Brad Wiginton, Managing Director at Trive.
“David and his team have built a high-quality organization with a reputation for patient-centered, compassionate care,” said Tracy Maziek, head of healthcare services at Oxford. “With the backing of established sponsors in Trive and Coltala, Choice is poised to rapidly expand its regional footprint and build the market leading post-acute care provider in the US. We are excited to support them in executing that vision.”
Choice’s corporate headquarters are in Tyler, Texas, and the company currently operates in Texas, Louisiana, Oklahoma, and Kansas. Choice was founded in 2008 as a rehabilitation service provider, entered home health in late 2012, and launched its hospice segment in 2018.
Choice was founded in 2007 by David Jackson, a licensed physical therapist, with a vision to build a leading rehab, regional home health and hospice provider by focusing on quality patient services across the entire continuum of care.
Coltala Holdings is a DFW-based holding company focused on building businesses of significance, with a passion for operational excellence, continuous improvement, and authentic and principled business stewardship.
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $7 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas.
AB Private Credit Investors is the corporate middle market direct lending platform of AllianceBernstein. We provide flexible financing solutions to corporate borrowers and manage capital for a diversified group of institutional and high net worth investors.
Maranon Capital, L.P. is an investment firm focused on directly originated private credit. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has committed over $9.2 billion of capital.
Trive Capital is a Dallas, Texas based private equity firm with approximately $3.6 billion in assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.