ALEXANDRIA, Va. & STOUGHTON, Mass.–(BUSINESS WIRE)–Oxford Finance LLC (“Oxford”), a specialty finance agency that gives senior debt to healthcare companies and life sciences firms worldwide, as we speak introduced the closing of a $57.2 million senior credit score facility and revolving line of credit score to Pointe Group Care LLC (“PGC”), an proprietor and operator throughout the expert nursing and assisted residing business.
The funds had been used for working capital, to refinance current debt, and to assist the acquisition of 4 further long-term care amenities situated in Florida.
“We’re happy with yet one more alternative with PGC, a long-standing Oxford buyer,” stated Tracy S. Maziek, head of healthcare companies at Oxford Finance. “PGC’s complete administration workforce has carried out at a excessive stage each earlier than and all through the pandemic. We’re assured they may carry their scientific excellence and high-quality care to residents in these new markets.”
“We’re excited with the continued development and wonderful relationship we’ve got constructed with Oxford,” said Ben Berkowitz, CEO of Pointe Group Care. “PGC is thrilled to carry the high-quality companies it delivers to seniors daily to those new properties in Florida.”
About Oxford Finance LLC
Oxford Finance is a specialty finance agency offering senior secured loans to private and non-private life sciences and healthcare companies firms worldwide. For over 20 years, Oxford has delivered versatile financing options to its shoppers, enabling these firms to maximise their fairness by leveraging their property. In recent times, Oxford has originated over $6 billion in loans, with strains of credit score starting from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with further places of work in San Diego, Calif.; Palo Alto, Calif.; and the better Boston and New York Metropolis areas. For extra info, go to https://oxfordfinance.com/
About Pointe Group Care LLC
Pointe Group Care LLC is a privately owned and managed expert nursing and senior residing supplier primarily based in Stoughton, MA. It operates expert nursing and rehabilitation facilities in addition to assisted residing communities in Massachusetts and Florida.