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Oxford Finance Provides $7.4MM Debt Facility to Vita Healthcare

January 30, 2015, 07:49 AM
Filed Under: Healthcare

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $7.4 million senior secured term loan with Vita Healthcare Group LLC.  The funds will be used for the purchase of Diamond Hill Nursing and Rehabilitation Center in Troy, New York.

"Oxford is pleased to have the opportunity to provide financing to Vita Healthcare for the continued expansion of its portfolio of skilled nursing facilities," said Christopher A. Herr, managing director for Oxford Finance. "This company has a proven track record of acquiring existing properties and rapidly improving cost efficiency and operating procedures."

"We are thrilled to continue our relationship with the team at Oxford Finance," said Michael Netzer and Israel Birnbaum of Vita Healthcare. "Oxford's expertise, knowledge, and commitment to providing unique financial solutions are unparalleled in the skilled nursing industry."

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.

Vita Healthcare Group, based in New Jersey, provides sub-acute, rehabilitative, and long-term specialty care services in the Northeast region, and is committed to providing the highest level of care and professionalism to its residents and the surrounding communities.

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