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Oxford Finance Provides Credit Facility to Veteran-Centric Healthcare Provider Valor Healthcare

Date: Oct 06, 2020 @ 08:50 AM
Filed Under: Healthcare

Oxford Finance LLC (Oxford), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a senior credit facility to Valor Healthcare, Inc., an outsourced provider of high-quality primary care and mental health services to veterans in the United States.

The proceeds are being used to partially fund the acquisition of Valor by Trive Capital ("Trive"), a Dallas-based private equity firm, from Concentra Health Services, Inc. Oxford Finance is the sole lead arranger and administrative agent in this transaction.

Established in 2004, Valor Healthcare provides primary care and mental health services to veterans in the United States among a range of other services tailored to meet the specific needs of local Veterans Administration ("VA") medical centers. Valor operates more than 35 VA CBOCs as a contractor for the US Department of Veterans Affairs, that treat over 110,000 Veterans a year.

"Valor has an established track record of quality healthcare for our nation's veterans," said Tracy S. Maziek, head of healthcare services at Oxford Finance. "Oxford is happy to partner with the Valor and Trive teams in supporting such an important constituency."

"We decided to work with Oxford due to their long history of lending to the healthcare sector," noted Dr. Scott Wise, CEO at Valor. "They have a deep appreciation of our business model and we are excited to continue to enhance our service offerings for our VA Medical Center partners and veterans with the support of Trive and Oxford."

"We are pleased to have partnered with Oxford on this transaction," stated Conner Searcy, managing partner at Trive Capital. "They were able to provide a flexible capital solution on an expedited timeline and are firmly supportive of the Company's mission to increase access to healthcare for veterans."

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