ALEXANDRIA, VA, June 25, 2015 – Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a senior secured term loan and a revolving line of credit with Chosen Healthcare. The funds were used to purchase two long-term care facilities in the Austin, Texas metropolitan area, Park Place Care Center and Assisted Living and Pflugerville Care Center.
“Oxford is pleased to continue the relationship we have built with the executive group at Chosen Healthcare,” said Tracy S. Maziek, managing director at Oxford Finance. “The team at Chosen Healthcare is well-respected in the industry and has demonstrated its ability to successfully improve the operations of senior care facilities while maintaining high standards.”
“I’m glad to be collaborating with Oxford again,” said Moshe Orlinsky, chief executive officer of Chosen Consulting. “The team did an exceptional job managing this transaction. They were able to close the deal very quickly and the execution was flawless.”
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 $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Chosen Healthcare
The Chosen Healthcare family has 22 skilled nursing facilities and one assisted living facility in Indiana, Iowa and Texas. Its communities are focused on rehabilitation with the goal of getting short-term and long-term residents back to enjoying their lives fully. Chosen Healthcare takes pride in its communities and its care specialties, including but not limited to exceptional memory care and even a nationally recognized Huntington’s disease care facility. Some of its communities feature assisted living and independent living. For more information visit www.chosenhealthcare.com.