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Oxford Finance Provides $11.5MM to Continuum Healthcare

July 24, 2013, 07:28 AM
Filed Under: Healthcare

Oxford Finance closed a $10 million senior secured term loan and a $1.5 million revolving line of credit with Continuum Healthcare LLC.  Proceeds of the term loan were used for the acquisition of The Health Center at Galloway and Galloway Pediatric Medical Day Care, both in Galloway, New Jersey.

"Oxford is pleased to provide capital to Continuum to support its recent acquisitions," said Christopher A. Herr, managing director for Oxford Finance. "Continuum has an impressive management team and a reputation for providing quality care for its senior residents, as well as the children in its day care centers."

"Oxford's team has a deep understanding of the skilled nursing industry," said Eugene Ehrenfeld, owner and managing partner of Continuum Healthcare. "The entire process from signing the term sheet through closing was efficient, and I look forward to continuing to work with Oxford on future transactions."

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide.

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