ALEXANDRIA, Va. and ENGLEWOOD CLIFFS, N.J., Feb. 6, 2020 —Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of $64.6 million term loan and revolving line of credit to The Portopiccolo Group (“Portopiccolo” or “the Company”), a New Jersey-based privately held company. Proceeds were used for the acquisition of three skilled nursing facilities—one located in Maryland and two in North Carolina totaling 450 skilled nursing and 50 assisted living beds.
“Portopiccolo’s growth is the result of a clear vision and proven investment strategy of the firm’s Principals,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “This closing is Oxford’s second with Portopiccolo—we are thrilled to be part of the Company’s small group of trusted partners.”
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 credit facilities 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 The Portopiccolo Group
The Portopiccolo Group is a family owned private equity and investment management firm. Maintaining an ever-growing portfolio of properties leased to skilled nursing operators, Portopiccolo has expanded its growing vision to include companies specializing in health care related services, as well as non-health care related real estate and business investment opportunities.