Oxford Finance enters into a credit facility with endodontic practice partners
ALEXANDRIA, Virginia & BRENTWOOD, Tennessee – (COMMERCIAL THREAD) – Oxford Finance LLC (“Oxford”), a leading specialty finance company focused on global health services and life sciences companies, today announced the closing of a senior credit and a revolving line of credit to Endodontic Practice Partners (“EPP” or “the Company”), a holding company of River Cities Capital (“River Cities”).
The proceeds of the transaction will be used to finance acquisitions, refinance existing debt and meet ongoing needs for working capital and growth capital. Oxford Finance is the sole principal arranger and administrative agent for the transaction.
EPP provides specialized business resources to meet the unique needs of each of its affiliated endodontic practices. The founders of the company have 60 years of clinical and operational expertise in dentistry and are dedicated to building a nationwide network of leading endodontic practices by providing shared resources and infrastructure to help practices grow and succeed. under their individual brand.
“EPP was founded to provide world-class support and meet the unique needs of endodontists,” said Tracy S. Maziek, Head of Health Services at Oxford. “Affiliated endodontists are able to focus on clinical skills and patient care while EPP supports the business side of their practice. With the support of an established healthcare-focused sponsor, the company is positioned for steady growth in other markets.
“We are delighted to partner with River Cities and Oxford, both companies stand out with extensive experience in the healthcare industry,” commented Sam Hutcheson, CEO of EPP. “The additional capital will allow EPP to continue to welcome new practices and further support our affiliated endodontists who enjoy all the benefits of joining a larger group of specialists while maintaining fairness and control over their practice.
“Oxford’s support has been essential in our overall growth strategy,” added Parag Rathi of River Cities Capital. “The team was efficient in securing the financing terms suited to our needs and quickly recognized EPP’s attractive market niche.
About Oxford Finance LLC
Oxford Finance is a specialty finance company providing senior secured loans to public and private life science and healthcare companies around the world. For more than 20 years, Oxford has provided flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has made more than $ 6 billion in loans, with lines of credit ranging from $ 5 million to $ 150 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in San Diego, California; Palo Alto, California; and the greater areas of Boston and New York. For more information visit https://oxfordfinance.com
About partners in endodontic practice
One of the fastest growing support organizations in the United States, Endodontic Practice Partners is building a network of private endodontic practices that strive to provide patients with the best possible experience. We are working with our endodontic partners to provide business support in areas where it will reduce administrative burden to improve patient care, patient experience and create value for practices. Our affiliated endodontists maintain their individuality in order to continue treating patients under their brand with the strength of PPE behind them, helping them achieve their goals and vision sooner. Find out more on our website: http://www.endopracticepartners.com.
About River Cities Capital
River Cities (RCC) is a growth capital firm that builds high potential healthcare businesses by leveraging the unique interplay of our segments of interest: medical devices, healthcare services and IT health. We are committed to investing in the good side of healthcare, building businesses that empower clinicians to improve care delivery and improve patient experiences and outcomes. We seek to be a business partner first and then a capital provider, investing significant human capital to leverage our expertise in the field, a network of thought leaders in the field of health and close relationships with the health systems brought together during our 27 year history. For more information, please visit rccf.com.