ALEXANDRIA, Va. and FREMONT, Calif., Sept. 18, 2018 /PRNewswire/ — Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt solutions to healthcare and life sciences companies, today announced the closing of a senior credit facility to Unitek Learning (“Unitek”), a portfolio company of Cressey & Company (“Cressey”). Unitek, based in Fremont, California and founded in 1992, is a leading provider of post-secondary nursing and allied health education and short-term EMT training. Funds are being used for the acquisitions of Utah-based Eagle Gate College and Provo College, and to support future growth initiatives. Oxford is the sole lender and administrative agent for this transaction.
“Oxford is excited to partner with Unitek and support its mission to help students launch and accelerate their careers in the healthcare industry,” said Tracy Maziek, managing director at Oxford. “The Unitek team has built one of the foremost healthcare-focused learning institutions with dedicated faculty and impressive student outcome metrics.”
“We chose to work with Oxford because of their excellent reputation and deep knowledge of the healthcare sector,” said Janis Paulson, chief executive officer of Unitek Learning. “Their team was responsive and met our timing deadlines.”
“We are pleased to complete our first transaction with Oxford,” added Merrick Axel, partner at Cressey. “They were able to provide a flexible capital solution and will be a supportive partner as Unitek continues to grow and deliver high quality healthcare educational programs.”
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 $5 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 (http://oxfordfinance.com/).
About Unitek Learning
Unitek Learning is the parent company of two distinguished learning institutions: Unitek EMT and Unitek College. Taught by experienced professionals, Unitek programs teach the clinical technique and theory used in the field today. Equipped with a multitude of sought-after skills, Unitek graduates are prepared to excel in many of the fastest-growing careers in healthcare and nursing.
About Cressey & Company
Founded in 2008 and headquartered in Chicago, IL, Cressey is a private investment firm focused on building leading healthcare provider, service, and information technology businesses. Cressey & Company and its predecessor firms have executed a strategy that invests in leading platform businesses and then accelerates growth both organically and through acquisitions for nearly 35 years. With deep expertise in the healthcare reimbursement and regulatory environments, the Cressey team has invested in almost every for-profit niche of healthcare. For more information, please visit (http://www.cresseyco.com/).