Oxford Finance closed a senior credit facility and revolving line of credit for Endodontic Practice Partners, a River Cities Capital portfolio company.
Endodontic Practice Partners will use the proceeds from the transaction to finance acquisitions, refinance existing debt and provide ongoing working capital and growth capital needs. Oxford Finance is the sole lead arranger and administrative agent in the transaction.
Endodontic Practice Partners provides specialized business resources to meet each of its affiliated endodontic practices’ unique needs. The company’s founders have a combined 60 years of clinical and operational expertise in dentistry and are dedicated to creating a nationwide network of endodontic practices by providing shared resources and infrastructure to help practices grow and succeed under their individual brands.
“EPP was founded to provide world-class support and meet the unique needs of endodontists,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “The affiliated endodontists are able to focus on clinical skills and patient care while EPP supports the business side of their practice. With the backing of an established, healthcare-focused sponsor, the company is positioned for steady growth in additional markets.”
“We are pleased to partner with River Cities and Oxford, both firms are distinguished with extensive experience in the healthcare industry,” Sam Hutcheson, CEO of Endodontic Practice Partners, said. “The additional capital will allow EPP to continue welcoming new practices and further support our affiliated endodontists who receive all the benefits of joining a larger group of specialists while maintaining equity and control of their practice.”
“Oxford’s support has been essential in our overall growth strategy,” Parag Rathi of River Cities Capital said. “The team was efficient in securing the right financing terms for our needs and quickly recognized EPP’s attractive market niche.”
