Oxford Finance Offers $23.5 Million Credit history Facility to Prosper Daily life Treatment | Business
ALEXANDRIA, Va.–(Enterprise WIRE)–Feb 3, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance company that presents senior financial debt to healthcare expert services and lifetime sciences organizations globally, today announced the closing of a $23.5 million senior credit facility and revolving line of credit to Prosper Existence Care Inc. (“Prosper Lifetime” or “the Enterprise), a administration enterprise with around 3 decades of mixed working experience in health care, Prosper Lifestyle specializes in assisted residing and memory treatment.
The proceeds ended up utilised for the acquisition of two assisted dwelling/memory treatment amenities positioned in Massachusetts totaling 214 units.
Prosper Daily life Treatment was formed in 2019 with the goal of creating a lasting affect on the citizens of assisted living and memory care communities. The Company operates with the target to improve communities as a result of successful use of procedure, technology, and gear. This is completed by residing by the Prosper Daily life core values of building lifetime pleasurable, earning the community a property, and providing intent to everybody.
“Although this is Oxford’s to start with transaction with Prosper Existence Care, the Company’s principals and investors have a long background of good results in the area,” mentioned Tracy S. Maziek, head of healthcare providers at Oxford Finance. “We foresee considerably results for this staff in the long run.”
“We could not have chosen a far better associate than Oxford for funding,” additional Russ Papia, president of Prosper Daily life Treatment. “We all had to think exterior the box to get this offer throughout the complete line all through a pandemic. The group at Oxford was extremely specialist, responsive, and comprehending through the process.”
About Oxford Finance LLC
Oxford Finance is a specialty finance company providing senior secured loans to public and non-public everyday living sciences and health care products and services corporations around the world. For about 20 many years, Oxford has delivered versatile funding solutions to its purchasers, enabling these companies to optimize their fairness by leveraging their property. In current decades, Oxford has originated more than $6 billion in financial loans, with strains of credit rating ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with further offices in San Diego, Calif. Palo Alto, Calif. and the greater Boston and New York City spots. For additional data, pay a visit to https://oxfordfinance.com/
About Prosper Existence Treatment
Prosper Existence Care is a forward-imagining administration organization specializing in assisted residing. With a merged encounter of above three many years in healthcare, Prosper Everyday living Care’s leadership team has a passion for giving treatment that enhances a person’s everyday living. This is carried out by enhancing high-quality of everyday living for not only the inhabitants, but the workers that are accountable for providing treatment. To discover out additional about Prosper Lifetime Care, you should visit https://prosperlifecare.com/
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Oxford Finance LLC
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PUB: 02/03/2021 10:33 AM/DISC: 02/03/2021 10:33 AM
Copyright Organization Wire 2021.