Oxford Finance Qualified prospects $122 Million Financing for Tarrytown Expocare
ALEXANDRIA, Va. & AUSTIN, Texas–(Business enterprise WIRE)–Jan 14, 2021–
Oxford Finance LLC (“Oxford”), a specialty finance firm that offers senior financial debt to lifetime sciences and healthcare products and services companies worldwide, these days announced the closing of a $122 million senior credit facility to Tarrytown Expocare (“Tarrytown or “the Company”), a closed-door extended-phrase treatment pharmacy specializing in serving people with mental and developmental disabilities (“IDD”).
Proceeds from the transaction were utilized to finance an insert-on acquisition. Oxford initially provided Tarrytown with an $87.5 million senior credit history facility in December 2019, which was applied to support the recapitalization of the business enterprise by Sheridan Money Partners.
Tarrytown Expocare, established in 2013 and headquartered in Austin, Texas, is 1 of the major extensive-phrase treatment pharmacies in the United States concentrated exclusively on the IDD inhabitants. Tarrytown has longstanding interactions with about 2,000 team homes during the U.S.
“While operating in tough periods, Tarrytown has shown its vital importance to consumers in the IDD place,” reported Tracy S. Maziek, head of healthcare solutions at Oxford Finance. “We focus on regularly offering for growing clients that clearly show adaptability in all working environments.”
“Since closing of the initial investment, Oxford has been incredibly supportive of the business by encouraging us close a few important acquisitions,” said Mark Newberry, founder and main executive officer of Tarrytown. “The crew was remarkably responsive and appreciative of Tarrytown’s differentiated posture in our underserved area of interest.”
“Oxford’s guidance has been integral to our enlargement system,” added Sean Dempsey, partner at Sheridan. “They shipped on initial commitments and greater them as our desires improved.”
About Oxford Finance LLC
Oxford Finance is a specialty finance company furnishing senior secured financial loans to public and private life sciences and health care products and services businesses around the world. For around 20 several years, Oxford has shipped flexible financing methods to its customers, enabling these corporations to maximize their equity by leveraging their assets. In latest decades, Oxford has originated above $5 billion in loans, with strains of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with added places of work in San Diego, Calif. Palo Alto, Calif. and the bigger Boston and New York Town parts. For much more details, take a look at https://oxfordfinance.com/
About Tarrytown Expocare
Tarrytown Expocare (“Tarrytown”) is a nationwide long-time period care pharmacy that serves people today with intellectual and developmental disabilities (“IDD”). The Corporation offers prescription medicine to IDD patients mainly residing in team households and delivers medical administrative services to its facility associates. Tarrytown was founded by Mark Newberry in 2013 and is headquartered in Austin, TX. For additional information, go to https://tarrytownexpocare.com/
About Sheridan Capital Companions
Sheridan Money Partners is a Chicago-primarily based health care private equity company that focuses on reduced center current market buyouts and expansion fairness in the U.S. and Canada. Sheridan associates with companies that have EBITDA from $3 million to $15 million, bringing strategic assets to accelerate growth, develop enduring price, and reach strong success.
For a lot more info, visit https://www.sheridancp.com/
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Selma Bašić
Oxford Finance LLC
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Search phrase: TEXAS VIRGINIA UNITED STATES NORTH America
Industry Search phrase: Observe Management PHARMACEUTICAL NURSING MANAGED Care FINANCE Well being Mental Wellness Expert Solutions
Supply: Oxford Finance LLC
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PUB: 01/14/2021 10:54 AM/DISC: 01/14/2021 10:55 AM
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