Oxford Finance Provides $21.3 Million Debt Facility to Synergy Health Centers
ALEXANDRIA, Va., March 31, 2015 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $19.3 million senior secured term loan and a $2 million line of credit with Synergy Health Centers ("Synergy"). The funds will be used to acquire Woodbriar of Wilmington, a skilled nursing facility located in Wilmington, Massachusetts.
"Oxford is pleased to continue the relationship we have established with Synergy Health Centers," said Tracy S. Maziek, managing director at Oxford Finance. "Synergy is a strong player in the skilled nursing facilities industry in the Northeast and is focused on revitalizing and upgrading the standard of care at existing facilities."
"We are proud to close another deal with the folks at Oxford Finance," said Zisha Lipschutz, chief executive officer of Synergy Health Centers. "As an emerging force in the skilled nursing facility world, it's great to have such a strong and reliable partner."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Synergy Health Centers
Constantly striving to exceed even its own gold standard, Synergy Health Centers stays at the forefront of rehabilitation while maintaining a nurturing, homelike environment that residents cherish. With its motto, "Rehabilitating Healthcare," Synergy is renowned for its passionate, dynamic approach to rehabilitation, as well as long-term and post-acute care. It incorporates cutting-edge technology with a nurturing and resident-focused approach for a superior experience. Synergy Health Centers is distinguished by its unique approach to healthcare, which includes a hotel-style concierge at each facility to provide impeccable customer service, and a ground-breaking employee recognition initiative. Find out more information at www.synergy-hc.org.
SOURCE Oxford Finance LLC
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