Oxford Finance closed a $25.5 million term loan and revolving line of credit to PhysicianOne Urgent Care, an operator of 18 urgent care centers in Connecticut, Massachusetts, and New York.
The proceeds will be used for general working capital, to fund add-on acquisitions and new centers, and repay existing debt. Oxford is the sole lead arranger and administrative agent in this transaction. PineBridge Structured Capital is the lead equity investor in PhysicianOne.
PhysicianOne Urgent Care centers are open 365 days per year and provide walk-in treatment for non-life threatening illnesses and injuries.
“Oxford is thrilled to work with the outstanding management team at PhysicianOne,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “Our foremost objective was to provide a flexible solution that would allow the company to achieve its growth goals.”
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.
