Oxford Finance Provides $11.5 Million Debt Financing Facility to Continuum Healthcare LLC
ALEXANDRIA, Va., July 23, 2013 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $10 million senior secured term loan and a $1.5 million revolving line of credit with Continuum Healthcare LLC ("Continuum"). Proceeds of the term loan were used for the acquisition of The Health Center at Galloway and Galloway Pediatric Medical Day Care, both in Galloway, New Jersey.
"Oxford is pleased to provide capital to Continuum to support its recent acquisitions," said Christopher A. Herr, managing director for Oxford Finance. "Continuum has an impressive management team and a reputation for providing quality care for its senior residents, as well as the children in its day care centers."
"Oxford's team has a deep understanding of the skilled nursing industry," said Eugene Ehrenfeld, owner and managing partner of Continuum Healthcare. "The entire process from signing the term sheet through closing was efficient, and I look forward to continuing to work with Oxford on future transactions."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science 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, Illinois, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Continuum Healthcare LLC
Continuum Healthcare LLC, through its affiliate companies, owns and operates skilled nursing facilities and pediatric day care centers in the Northeast.
SOURCE Oxford Finance LLC