Daily News: July 24, 2013

Oxford Provides $11.5MM Debt Facility to Continuum Healthcare

Oxford Finance announced that it closed a $10 million senior secured term loan and a $1.5 million revolving line of credit with Continuum Healthcare. Proceeds of the term loan were used for the acquisition of The Health Center at Galloway and Galloway Pediatric Medical Day Care, both in Galloway, NJ.

“Oxford is pleased to provide capital to Continuum to support its recent acquisitions,” said Christopher A. Herr, managing director for Oxford Finance. “Continuum has an impressive management team and a reputation for providing quality care for its senior residents, as well as the children in its day care centers.”

“Oxford’s team has a deep understanding of the skilled nursing industry,” said Eugene Ehrenfeld, owner and managing partner of Continuum Healthcare. “The entire process from signing the term sheet through closing was efficient, and I look forward to continuing to work with Oxford on future transactions.”

Continuum Healthcare, through its affiliate companies, owns and operates skilled nursing facilities and pediatric day care centers in the Northeast.