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Oxford Finance Closes $113.8MM in Recent Healthcare Services Deals

Date: Aug 21, 2014 @ 07:05 AM
Filed Under: Healthcare

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it recently closed $113.8 million in transactions with multiple healthcare operators. Proceeds of the loans were used to acquire skilled nursing facilities and for working capital.

Recipients of the loans were:

  • Continuum Healthcare LLC – Real Estate Debt, $66.3 million & Revolving Line of Credit, $7 million
  • FNR Healthcare, LLC – Real Estate Debt, $17 million & Revolving Line of Credit, $2.5 million
  • Pritok Capital – Real Estate Debt, $12.4 million & Revolving Line of Credit, $1.5 million
  • Synergy Health Centers – Real Estate Debt, $6.1 million & Revolving Line of  Credit, $1 million

"Oxford is pleased to expand our existing relationships with such well-respected operators as Continuum Healthcare and Pritok Capital, and establish new relationships with FNR Healthcare and Synergy Health Centers," said Christopher A. Herr, managing director for Oxford Finance. "Each of these firms has a proven track record of running successful facilities and providing caring environments for seniors."

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 $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina.

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