Daily News: August 28, 2013

Oxford Closes $5.5MM Revolver for PrimeSource Healthcare

Oxford Finance announced that it closed a $5.5 million revolving line of credit with PrimeSource Healthcare Systems. PrimeSource is a privately owned provider of on-site mobile healthcare and billing services. Proceeds of the loan are being used to refinance the company’s existing loan facility and fund its growth plans.

“For over 30 years PrimeSource has been unwavering in its commitment to delivering quality, on-site healthcare services to residents of long-term care facilities,” said Christopher A. Herr, managing director for Oxford Finance. “PrimeSource is a company that has captured a majority share of the markets it serves, and Oxford is pleased to provide capital to fuel its continued success.”

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide.