ALEXANDRIA, Va. & AUSTIN, Texas–(Organization WIRE)–Jan 14, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance firm that gives senior credit card debt to life sciences and healthcare providers companies worldwide, currently introduced the closing of a $122 million senior credit score facility to Tarrytown Expocare (“Tarrytown or “the Company”), a shut-doorway extensive-phrase care pharmacy specializing in serving people with intellectual and developmental disabilities (“IDD”).
Proceeds from the transaction were used to finance an insert-on acquisition. Oxford at first presented Tarrytown with an $87.5 million senior credit score facility in December 2019, which was utilised to guidance the recapitalization of the business enterprise by Sheridan Capital Partners.
Tarrytown Expocare, launched in 2013 and headquartered in Austin, Texas, is a person of the premier long-time period treatment pharmacies in the United States focused completely on the IDD inhabitants. Tarrytown has longstanding associations with around 2,000 group residences in the course of the U.S.
“While working in tough occasions, Tarrytown has demonstrated its crucial importance to customers in the IDD space,” said Tracy S. Maziek, head of healthcare products and services at Oxford Finance. “We emphasis on persistently delivering for rising customers that show adaptability in all functioning environments.”
“Since closing of the original investment decision, Oxford has been pretty supportive of the company by aiding us near a few sizeable acquisitions,” stated Mark Newberry, founder and chief executive officer of Tarrytown. “The staff was hugely responsive and appreciative of Tarrytown’s differentiated situation in our underserved niche.”
“Oxford’s guidance has been integral to our growth plan,” extra Sean Dempsey, associate at Sheridan. “They delivered on primary commitments and increased them as our demands improved.”
About Oxford Finance LLC
Oxford Finance is a specialty finance agency giving senior secured loans to community and non-public everyday living sciences and health care expert services companies worldwide. For around 20 yrs, Oxford has shipped adaptable financing remedies to its purchasers, enabling these organizations to improve their equity by leveraging their assets. In new decades, Oxford has originated in excess of $5 billion in loans, with lines 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 places. For much more details, pay a visit to https://oxfordfinance.com/
About Tarrytown Expocare
Tarrytown Expocare (“Tarrytown”) is a nationwide long-expression treatment pharmacy that serves individuals with intellectual and developmental disabilities (“IDD”). The Firm gives prescription medication to IDD sufferers generally residing in group properties and gives clinical administrative providers to its facility associates. Tarrytown was founded by Mark Newberry in 2013 and is headquartered in Austin, TX. For extra information and facts, stop by https://tarrytownexpocare.com/
About Sheridan Funds Associates
Sheridan Money Companions is a Chicago-centered health care non-public fairness company that focuses on reduced center current market buyouts and advancement equity in the U.S. and Canada. Sheridan companions with organizations that have EBITDA from $3 million to $15 million, bringing strategic assets to speed up development, build enduring price, and obtain solid outcomes.
For far more facts, pay a visit to https://www.sheridancp.com/
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Oxford Finance LLC
Key phrase: TEXAS VIRGINIA UNITED STATES NORTH The us
Field Keyword: Observe Administration PHARMACEUTICAL NURSING MANAGED Care FINANCE Health Psychological Health and fitness Expert Solutions
Supply: Oxford Finance LLC
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PUB: 01/14/2021 10:54 AM/DISC: 01/14/2021 10:55 AM