ALEXANDRIA, Va. & AUSTIN, Texas–(Business WIRE)–Jan 14, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance business that offers senior credit card debt to existence sciences and healthcare services businesses around the world, currently announced the closing of a $122 million senior credit score facility to Tarrytown Expocare (“Tarrytown or “the Company”), a closed-door extended-phrase treatment pharmacy specializing in serving men and women with mental and developmental disabilities (“IDD”).
Proceeds from the transaction ended up used to finance an include-on acquisition. Oxford initially provided Tarrytown with an $87.5 million senior credit history facility in December 2019, which was used to guidance the recapitalization of the business enterprise by Sheridan Cash Associates.
Tarrytown Expocare, started in 2013 and headquartered in Austin, Texas, is just one of the greatest extended-expression care pharmacies in the United States concentrated solely on the IDD populace. Tarrytown has longstanding associations with around 2,000 team properties during the U.S.
“While functioning in tough times, Tarrytown has shown its crucial relevance to buyers in the IDD space,” said Tracy S. Maziek, head of healthcare providers at Oxford Finance. “We focus on regularly providing for escalating consumers that display adaptability in all working environments.”
“Since closing of the initial expenditure, Oxford has been quite supportive of the company by assisting us near 3 considerable acquisitions,” said Mark Newberry, founder and main executive officer of Tarrytown. “The workforce was really responsive and appreciative of Tarrytown’s differentiated situation in our underserved niche.”
“Oxford’s aid has been integral to our enlargement plan,” added Sean Dempsey, companion at Sheridan. “They delivered on initial commitments and greater them as our needs changed.”
Oxford Finance is a specialty finance agency furnishing senior secured loans to community and personal lifetime sciences and health care providers corporations all over the world. For around 20 a long time, Oxford has sent flexible financing remedies to its clientele, enabling these organizations to optimize their equity by leveraging their belongings. In modern several years, Oxford has originated in excess of $5 billion in loans, with strains of credit rating ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with added workplaces in San Diego, Calif. Palo Alto, Calif. and the increased Boston and New York Town areas. For extra details, check out https://oxfordfinance.com/
Tarrytown Expocare (“Tarrytown”) is a national lengthy-time period care pharmacy that serves people with intellectual and developmental disabilities (“IDD”). The Enterprise supplies prescription treatment to IDD people mostly residing in team homes and presents clinical administrative solutions to its facility partners. Tarrytown was founded by Mark Newberry in 2013 and is headquartered in Austin, TX. For far more details, take a look at https://tarrytownexpocare.com/
About Sheridan Money Partners
Sheridan Cash Companions is a Chicago-dependent healthcare private fairness organization that focuses on reduced middle market buyouts and advancement fairness in the U.S. and Canada. Sheridan partners with companies that have EBITDA from $3 million to $15 million, bringing strategic methods to accelerate expansion, create enduring worth, and realize powerful final results.
Keyword: TEXAS VIRGINIA UNITED STATES NORTH America
Marketplace Key word: Observe Management PHARMACEUTICAL NURSING MANAGED Care FINANCE Health Psychological Health and fitness Skilled Services
Source: Oxford Finance LLC
Copyright Enterprise Wire 2021.
PUB: 01/14/2021 10:54 AM/DISC: 01/14/2021 10:55 AM
Copyright Business enterprise Wire 2021.