Oxford Finance closed a senior credit facility for Impact, a provider of clinical, revenue cycle and information technology advisory services to the healthcare industry.
Concurrently, the company entered into a strategic partnership with Chicago Pacific Founders, an investment firm exclusively focused on healthcare services and caring for aging populations. Oxford is the sole lead arranger and administrative agent in this transaction.
Naperville, IL-based Impact Advisors offers IT advisory, process and optimization services, and implementation to hospitals, healthcare systems, payors and providers. The partnership with CPF positions the company to leverage multiple growth avenues to capture the expanding healthcare services market and to become the leading full-service provider of a comprehensive, integrated solution set to meet clients’ needs.
“Impact Advisors’ commitment to progressing healthcare through technology and performance improvement services is a mission we enthusiastically support,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “The firm is an established market leader with a top-notch reputation and an impressive track record of growth. CPF’s deep healthcare expertise in this area will undoubtedly help the Company win new clients and expand service offerings.”
“We wanted to work with a healthcare-focused lending institution like Oxford who understands our industry and our commitment to making a positive impact for our clients,” said Pete Smith, CEO of Impact Advisors. “Oxford will be a valuable partner as we leverage our strategic partnership with CPF to invest and grow across key focus areas.”
