ALEXANDRIA, Va., July 17, 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 $12.15 million term loan with Mason Health. Proceeds of the loan are being used to purchase the real property of Estrella Oaks Rehabilitation and Care Center located in Georgetown, Texas.
"Oxford is very pleased to provide additional capital to Mason Health," said Christopher A. Herr, managing director for Oxford Finance. "We continue to be impressed with Mason Health's business strategy and the proficient management of its skilled nursing facilities."
"The successful completion of this financing allows Mason Health to continue the execution of its business strategy," said Lance Cornell, chief financial officer for Mason Health. "Oxford continues to be an excellent partner and provides us with flexible financing terms needed to support our growth plan."
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, Illinois, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Mason Health
Founded in 2008 to operate skilled nursing facilities, Mason Health currently provides services in six Texas communities. Facilities are located in Coppell, Georgetown, Round Rock, Austin, Friendswood, and Mesquite. Mason Health is based in Dallas, Texas.
SOURCE Oxford Finance LLC