Oxford Finance, a finance firm providing senior debt to healthcare services and life sciences companies, closed a $23.5 million senior credit facility and revolving line of credit for Prosper Life Care, a healthcare management company specializing in assisted living and memory care. Prosper Life Care will use use the proceeds for the acquisition of two assisted living/memory care facilities in Massachusetts that total 214 units.
“Although this is Oxford’s first transaction with Prosper Life Care, the company’s principals and investors have a long history of success in the space,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “We anticipate much success for this team in the future.”
“We could not have selected a better partner than Oxford for financing,” Russ Papia, president of Prosper Life Care, said. “We all had to think outside the box to get this deal across the finish line during a pandemic. The team at Oxford was extremely professional, responsive and understanding throughout the process.”
Oxford Finance is a finance firm providing senior secured loans to public and private life sciences and healthcare services companies.
