Oxford Finance closed a term loan and revolving line of credit to ReMed, a provider of rehab services to patients with post-acute acquired brain injuries (ABIs). ReMed will use the proceeds for general working capital purposes and to partially finance the acquisition of Learning Services Corporation (LSC). Oxford Finance is the sole lead arranger and administrative agent in this transaction, with Baird Capital and Deerfield Management as the lead equity investors in ReMed.
“ReMed has established a leading brand with an exceptional reputation in the ABI rehab space,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “On behalf of the entire Oxford team, I’m pleased to be working with the ReMed, Baird and Deerfield teams and glad we could help grow this business.”
“The Oxford team worked closely with us to understand the nuances of our business and craft a solution that solved not only our immediate financing needs for the acquisition of LSC, but also provided additional capacity for future growth,” Jeff Payne, CFO of ReMed, said.
“From their initial involvement in the transaction, Oxford showed a high degree of ingenuity to create a structure that afforded maximum flexibility while also solving for the variations of the transaction,” Brett Tucker, partner at Baird Capital, said. “The creativity of their financing solution provided ReMed with a competitive edge in the acquisition process.”
