May 6, 2021

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Oxford Finance Presents $47 Million Credit history Facility to Averhealth

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ALEXANDRIA, Va. & RICHMOND, Va.–(Enterprise WIRE)–Oxford Finance LLC (“Oxford”), a specialty finance agency that gives senior debt to healthcare expert services and life sciences organizations around the globe, right now announced the closing of a $47 million senior credit history facility to Averhealth (or “the Company”), a supplier of material use tests and checking companies personalized to the one of a kind requirements of courts and social company organizations. Averhealth is a portfolio company of 5 Arrows Cash Partners (“Five Arrows”), the PE financial investment technique of Rothschild & Co., a world-wide advisory and asset management company.

Proceeds from the transaction are currently being utilized for general operating capital, to refinance existing financial debt, and for permitted acquisitions.

Proven in 1995, Averhealth is a company of drug testing, affected individual management, and aid companies to material use condition (“SUD”) rehabilitation courses managed by nearby, county, and state government companies and courts. Now, Averhealth serves additional than 1,800 courts and treatment companies throughout 30 states, integrating all material use monitoring actions.

“We are excited to spend in a firm with an innovative mixture of know-how and lab testing solutions,” reported Tracy S. Maziek, head of health care providers at Oxford Finance. “Averhealth’s special provider supplying has set it aside from other players in the toxicology screening market place, helping to strengthen all round levels of client treatment in our country’s struggle versus the ongoing substance abuse epidemic.”

“From our first discussions with Oxford, it was crystal clear they recognized the one of a kind worth proposition offered by Averhealth to its prospects,” said Jason Herzog, CEO of Averhealth. “We are thrilled to be partnering with a firm that understands the special requires of our organization and has supplied the capability to assist our ongoing advancement.”

“The Oxford staff worked promptly to get up to pace on a intricate organization,” stated Michael Langer, handling director at 5 Arrows. “They identified the needs and problems of our promptly growing business enterprise and formulated a framework that not only solved for our quick desires but also provided flexibility for potential development.”

About Oxford Finance LLC

Oxford Finance is a specialty finance firm providing senior secured financial loans to community and private daily life sciences and health care products and services corporations all over the world. For around 20 yrs, Oxford has sent adaptable funding remedies to its clientele, enabling these firms to maximize their equity by leveraging their property. In current yrs, Oxford has originated in excess of $6 billion in financial loans, with strains of credit rating ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with supplemental offices in San Diego, Calif. Palo Alto, Calif. and the bigger Boston and New York Town locations. For much more info, check out https://oxfordfinance.com/

About Averhealth

Considering the fact that 1995, Averhealth has specialized in giving material use testing and monitoring services personalized to the distinctive needs of judicial applications that work at the holistic intersection of justice-concerned and behavioral health. Right now, Averhealth serves much more than 350,000 consumers throughout 30 states. Every aspect of the Averhealth remedy incorporates proof-primarily based practices, positioning programs and purchasers for the ideal attainable consequence. Random selection, every day engagement, strong sample collection, and following enterprise day benefits incorporate to support clientele produce coping and refusal skills to new-use occasions. With Averhealth’s agile and quick-to-navigate program and automation tools, it streamlines your everyday workflow and eventually supports restoration. For more details, remember to visit: https://www.averhealth.com.

About Five Arrows Money Partners

Five Arrows Cash Associates is the North American company personal fairness company of Rothschild & Co. Service provider Banking (RMB), the expense arm of Rothschild & Co. With offices in London, Paris, Luxembourg, New York and Los Angeles, RMB has above $15 billion of assets underneath management. Like RMB’s European company non-public equity business enterprise, FACP is concentrated on investing in middle market organizations with extremely defensible market place positions, business products with a confirmed record of creating appealing returns on invested cash throughout economic cycles and multiple untapped levers for value development. Sector concentrate of FACP is on healthcare small business companies and information, software & technology-enabled providers. For extra information and facts, make sure you pay a visit to https://www.rothschildandco.com/en/service provider-banking/corporate-private-equity.

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