DELRAY BEACH, Fla., Feb. 22, 2016 /PRNewswire/ -- DRB Financial Solutions LLC is pleased to announce that it has merged the Oxford International Group into DRB Capital's structured settlement and annuity monetization division.
"The addition of the highly experienced and capable Oxford staff to our organization is a real step forward for our business," said Lou Woodson, Senior Vice President of DRB's annuity payment liquidity business. Mr. Woodson added, "This is part of our strategy to build the preeminent annuity and structured legal settlement monetization platform and is the culmination of several months of negotiations. The senior management team at Oxford built a nice business and we are very pleased to have the Oxford team on board."
The transaction included a portfolio of annuity payments and a sizable database of annuitants as well as all pending transactions.
About DRB Financial Solutions, LLC: The DRB Financial Solutions family of companies is a leading purchaser of annuity payments and other illiquid cash flows. Through DRB Capital, DRB offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life-contingent structured settlements or other annuity payments. Through US Claims, DRB is a leading provider of advances to personal injury victims and their families and, through its recently-launched OptiMed Funding business, DRB provides liquidity and lien management to surgical centers, chiropractors and other health care professionals which care for personal injury victims. Through CRG Financial, DRB offers cash certain to creditors of entities that have entered bankruptcy protection while eliminating the difficulties, risks and uncertainty of payment. DRB Financial – The Liquidity Solutions People.
Contact: Mark Mruz
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SOURCE DRB Capital