Epic Healthcare Staffing provides staffing services to healthcare and life sciences industries
ALEXANDRIA, Va. and EL SEGUNDO, Calif., March 11, 2020 /PRNewswire/ —Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences and companies worldwide, today announced the closing of a $104.3 million senior secured credit facility to Epic Healthcare Staffing (“Epic” or “the Company”), a portfolio company of Webster Equity Partners. The proceeds will be used to fund the acquisition of Orbis Data Solutions, refinance existing debt, fund future acquisitions, and for general working capital purposes.
Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies and sustainable business models. In March 2018, the firm formed Epic Healthcare Staffing—a diversified national provider of staffing services to healthcare and life sciences industries. Epic was formed through the combination of Cirrus Medical Staffing, Emerald Health Services, PharmaLogics Recruiting, Guardian Health Services, and Orbis Clinical.
“Epic has a proven name in the healthcare staffing industry and serves multiple segments within the marketplace,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “Oxford is excited to help the Company diversify market presence, grow customer base, and support continued growth.”
“The refinancing and concurrent acquisition of Orbis Data Solutions to Epic Healthcare Staffing’s life science segment will deepen our relationships with clients while also adding new areas to provide services,” said Mehran Ahmed, principal at Webster Equity Partners. “At this time, we see a particular need to increase the efficiency of the drug development process and are excited to help on this front.”
“We are thrilled to be partnering with Orbis Data and believe this combination will help both businesses in the coming years,” commented Mark Siegel, CEO of Epic Healthcare Staffing. “We are excited to have Oxford as our financing partner as we continue to serve our customers and drive growth for years to come.”
About Oxford Finance LLC
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. In recent years, Oxford has originated over $6 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas. For more information, visit https://oxfordfinance.com/
About Epic Healthcare Staffing
Epic Healthcare Staffing is a diversified national provider of staffing services to the healthcare and life sciences industries. Staffing services include travel nursing, travel allied, contract, international and staffing within the life sciences industry. For additional information on Epic Healthcare Staffing, please visit www.epichcstaffing.com.
About Webster Equity Partners
Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies and sustainable business models. Webster is currently investing out of its fourth fund with $875 million of committed capital. For additional information on Webster Equity Partners, please visit www.websterequitypartners.com.