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Oxford Finance Closes Credit Facility with Endodontic Practice Partners

October 05, 2021, 07:56 AM
Filed Under: Technology
Related: Oxford Finance

Oxford Finance closed a senior credit facility and revolving line of credit to Endodontic Practice Partners ("EPP" or "the Company"), a River Cities Capital portfolio company.

Proceeds from the transaction will be used to finance acquisitions, refinance existing debt, and provide ongoing working capital and growth capital needs. Oxford Finance is the sole lead arranger and administrative agent in the transaction.

EPP provides specialized business resources to meet each of its affiliated endodontic practices' unique needs. The Company's founders have a combined 60 years of clinical and operational expertise in dentistry and are dedicated to creating a nationwide network of leading endodontic practices by providing shared resources and infrastructure to help practices grow and succeed under their individual brand.

"EPP was founded to provide world-class support and meet the unique needs of endodontists," said Tracy S. Maziek, head of healthcare services at Oxford. "The affiliated endodontists are able to focus on clinical skills and patient care while EPP supports the business side of their practice. With the backing of an established, healthcare-focused sponsor, the Company is positioned for steady growth in additional markets."

"We are pleased to partner with River Cities and Oxford—both firms are distinguished with extensive experience in the healthcare industry," commented Sam Hutcheson, CEO of EPP. "The additional capital will allow EPP to continue welcoming new practices and further support our affiliated endodontists who receive all the benefits of joining a larger group of specialists while maintaining equity and control of their practice."

"Oxford's support has been essential in our overall growth strategy," added Parag Rathi of River Cities Capital. "The team was efficient in securing the right financing terms for our needs and quickly recognized EPP's attractive market niche."

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