ALEXANDRIA, Va. & AUSTIN, Texas–(Company WIRE)–Jan 14, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance company that presents senior personal debt to everyday living sciences and health care services businesses throughout the world, these days introduced the closing of a $122 million senior credit score facility to Tarrytown Expocare (“Tarrytown or “the Company”), a shut-doorway extended-term treatment pharmacy specializing in serving individuals with intellectual and developmental disabilities (“IDD”).
Proceeds from the transaction were being employed to finance an incorporate-on acquisition. Oxford initially furnished Tarrytown with an $87.5 million senior credit history facility in December 2019, which was made use of to assistance the recapitalization of the enterprise by Sheridan Funds Partners.
Tarrytown Expocare, started in 2013 and headquartered in Austin, Texas, is one of the most significant lengthy-phrase care pharmacies in the United States centered exclusively on the IDD inhabitants. Tarrytown has longstanding associations with more than 2,000 team homes during the U.S.
“While running in tough times, Tarrytown has shown its crucial value to buyers in the IDD house,” said Tracy S. Maziek, head of health care products and services at Oxford Finance. “We concentration on constantly offering for growing clientele that show adaptability in all running environments.”
“Since closing of the initial expenditure, Oxford has been extremely supportive of the organization by serving to us shut three significant acquisitions,” explained Mark Newberry, founder and chief govt officer of Tarrytown. “The team was very responsive and appreciative of Tarrytown’s differentiated place in our underserved niche.”
“Oxford’s aid has been integral to our enlargement strategy,” additional Sean Dempsey, associate at Sheridan. “They sent on authentic commitments and increased them as our demands altered.”
Oxford Finance is a specialty finance business supplying senior secured loans to public and private daily life sciences and health care services providers around the world. For around 20 yrs, Oxford has shipped versatile financing remedies to its shoppers, enabling these organizations to increase their fairness by leveraging their property. In current many years, Oxford has originated around $5 billion in financial loans, with strains of credit score ranging 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 greater Boston and New York Town spots. For extra details, check out https://oxfordfinance.com/
Tarrytown Expocare (“Tarrytown”) is a national lengthy-term treatment pharmacy that serves persons with intellectual and developmental disabilities (“IDD”). The Enterprise provides prescription treatment to IDD patients generally residing in team homes and gives scientific administrative companies to its facility partners. Tarrytown was started by Mark Newberry in 2013 and is headquartered in Austin, TX. For extra info, pay a visit to https://tarrytownexpocare.com/
About Sheridan Funds Associates
Sheridan Funds Companions is a Chicago-centered health care personal equity company that focuses on lower middle current market buyouts and development fairness in the U.S. and Canada. Sheridan partners with providers that have EBITDA from $3 million to $15 million, bringing strategic methods to speed up progress, establish enduring benefit, and achieve sturdy final results.
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Resource: Oxford Finance LLC
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PUB: 01/14/2021 10:54 AM/DISC: 01/14/2021 10:55 AM
Copyright Organization Wire 2021.