Oxford Finance Prospects $107 Million Upsize Funding for Specialty Dental Brands | Business enterprise
ALEXANDRIA, Va. & NASHVILLE, Tenn.–(Business WIRE)–Jan 13, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance firm that gives senior credit card debt to health care expert services and lifestyle sciences companies throughout the world, today declared the closing of a $107 million senior credit rating facility to Specialty Dental Models (“SDB” or “the Company”) a dental companies group centered on pediatric dentistry, orthodontics, and oral surgery.
Proceeds from the transaction were being utilised to fund four independent incorporate-on acquisitions. Oxford at first furnished SDB with a $74 million senior credit history facility in September 2020. Inclusive of the closing day acquisitions, Oxford has financed 6 add-on acquisitions for SDB considering the fact that its initial financial commitment in the small business.
SDB was started in 2017 by Leon Capital Group in partnership with SDB management with the goal to create a foremost network of youth-concentrated dental methods that offer individual treatment from infancy right up until adulthood.
“The upsizing of our determination to SDB was one more illustration of Oxford supporting the expansion of its clients,” reported Tracy S. Maziek, head of health care services at Oxford Finance. “SDB’s acquisitive method demanded a flexible lender with the ability to shift rapidly and decisively.”
“Oxford bought up to pace on various elaborate transactions with several going sections and seamlessly delivered the funding by yr-close,” stated Chris Scales, CFO of SDB.
“These acquisitions materialized speedily but ended up crucial to our general progress system,” additional Hunter Dallas, a taking care of director at Leon Money Group. “Consistent with our first closing, Oxford was effective and thoughtful in their structuring process, making sure a close on a quick timeline when delays could have jeopardized these essential acquisitions.”
About Oxford Finance LLC
Oxford Finance is a specialty finance business providing senior secured loans to public and private daily life sciences and health care services corporations around the globe. For in excess of 20 a long time, Oxford has shipped versatile funding methods to its purchasers, enabling these companies to improve their equity by leveraging their assets. In new a long time, Oxford has originated over $6 billion in loans, with strains of credit history ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with more workplaces in San Diego, Calif. Palo Alto, Calif. and the greater Boston and New York Metropolis parts. For additional details, pay a visit to https://oxfordfinance.com/
About Specialty Dental Models
Specialty Dental Brand names (“SDB”) is a specialty concentrated dental assistance organization focused to serving affiliated Orthodontists, Pediatric Dentists, and Oral Surgeons with an emphasis on youth affected person care. SDB is a hybrid assistance organization that brings together the most effective of personal practice coupled with the strengths of professional small business administration. SDB’s associate medical practitioners maintain 100% medical autonomy even though SDB delivers priceless organization assist products and services so that scientific groups are thoroughly capable to target on individual treatment. To discover extra, pay a visit to https://specialtydentalbrands.com/
About Leon Money Group
Leon Money Group (“LCG”) is a diversified expenditure firm with a concentration on healthcare, engineering, and authentic estate. LCG partners with entrepreneurs and administration teams in the lower center market to construct good businesses by offering capital, company growth skills, and strategic support. Situated in Dallas, Texas, LCG seeks to devote in outstanding organizations ordinarily as the to start with institutional money to generate scale via the overall flexibility of a loved ones office environment coupled with an running husband or wife mentality. To discover extra, go to https://leoncapitalgroup.com/non-public-equity/
View supply model on businesswire.com:https://www.businesswire.com/news/house/20210113005604/en/
Speak to: Selma Bašić
Oxford Finance LLC
703-519-4900 Tel
Key phrase: UNITED STATES NORTH America TENNESSEE VIRGINIA
Industry Keyword: Specialist Providers Overall health OTHER Professional Companies Practice Management OTHER Wellness DENTAL FINANCE
Source: Oxford Finance LLC
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PUB: 01/13/2021 10:12 AM/DISC: 01/13/2021 10:13 AM
Copyright Small business Wire 2021.