Oxford Finance Closes $6.1 Million Senior Credit Facility with Synergy Health Centers
ALEXANDRIA, Va., June 17, 2014 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that a $6.1 million round of financing was provided to Synergy Health Centers ("Synergy"). Proceeds of the loan will be used to acquire the Park Avenue Health Center in Arlington, Massachusetts.
"Oxford is pleased to provide capital to Synergy for the expansion of its senior care facilities in the Northeast," said Christopher A. Herr, managing director for Oxford Finance. "Park Avenue Health Center is a highly regarded establishment, and will be a good addition to Synergy's portfolio."
"Oxford has provided Synergy with an accommodating financing package that will support our expansion as we continue our rapid growth," said Zisha Lipschutz, founder and chief executive officer of Synergy Health Centers. "Both companies are committed to delivering excellence in patient care and Synergy is excited to be working with this esteemed financial firm."
"Synergy is pleased to add Park Avenue Health Center to its growing organization," said Jeff Martin, vice president of operations at Synergy Health Centers. "Utilizing Synergy's cost effective and innovative approach to providing quality health care, the company continues to seek opportunities to increase its market share in the post acute space."
About Oxford Finance LLC
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 $50 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina. For more information visit www.oxfordfinance.com.
About Synergy Health Centers
Synergy Health Centers is a privately held company specializing in health care delivery in the skilled nursing setting. Synergy currently operates seven skilled nursing facilities throughout Massachusetts. Synergy is located in Toms River, New Jersey. For more information visit www.Synergy-HC.org.
SOURCE Oxford Finance LLC