Daily News: January 30, 2015

Oxford Provides Term Loan to Vita Healthcare

Oxford Finance closed a $7.4 million senior secured term loan with Vita Healthcare Group. Funds will be used for the purchase of Diamond Hill Nursing and Rehabilitation Center in Troy, New York.

“Oxford is pleased to have the opportunity to provide financing to Vita Healthcare for the continued expansion of its portfolio of skilled nursing facilities,” said Christopher A. Herr, managing director for Oxford Finance. “This company has a proven track record of acquiring existing properties and rapidly improving cost efficiency and operating procedures.”

“We are thrilled to continue our relationship with the team at Oxford Finance,” said Michael Netzer and Israel Birnbaum of Vita Healthcare. “Oxford’s expertise, knowledge, and commitment to providing unique financial solutions are unparalleled in the skilled nursing industry.”

Vita Healthcare Group provides sub-acute, rehabilitative, and long-term specialty care services in the Northeast region.