Oxford Finance Offers Credit Facility to Head Injury Rehabilitation Service Provider ReMed Holdings, LLC
ALEXANDRIE, Virginia and PAOLI, Pennsylvania., Aug 26, 2020 / PRNewswire / – Oxford Finance LLC (“Oxford”), a specialty finance company that provides senior debt to health services and life sciences companies around the world, today announced the closing of a term loan and revolving line of credit to ReMed Holdings, LLC (“ReMed” or “the Company”), a leading provider of rehabilitation services to patients with post-acquired brain injury. acute (“ACL”).
The proceeds are used for general working capital and to partially fund the acquisition of Learning Services Corporation (“LSC”). Oxford Finance is the sole principal arranger and administrative agent in this transaction with Baird Capital and Deerfield Management as the principal equity investors in ReMed.
Founded in 1984, ReMed is based on the unique premise that people with brain damage have the potential to return to meaningful and productive lives. ReMed’s extensive comprehensive service system provides access to multiple levels and stages of recovery.
“ReMed has established a leading brand with an exceptional reputation in the ABI rehabilitation space,” said Tracy S. Maziek, Head of Health Services at Oxford Finance. “On behalf of the entire Oxford team, I am delighted to be working with ReMed, Baird and Deerfield teams and happy to have been able to contribute to the growth of this company. “
“The Oxford team worked closely with us to understand the nuances of our business and develop a solution that not only solved our immediate financing needs for the LSC acquisition, but also provided additional capacity to future growth, ”said Jeff payne, Financial Director of ReMed.
“From their initial involvement in the transaction, Oxford has shown a high degree of ingenuity to create a structure that offers maximum flexibility while resolving variations in the transaction,” added Brett Tucker, partner at Baird Capital. “The creativity of their financing solution has provided ReMed with a competitive advantage in the acquisition process.”
About Oxford Finance LLC Oxford Finance is a specialty finance company providing senior secured loans to public and private life science and healthcare companies around the world. For more than 20 years, Oxford has provided flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford was born $ 6 billion in loans, with lines of credit ranging from $ 5 million at $ 150 million. Oxford is headquartered at Alexandria, Virginia, with additional offices in San diego, california; Palo Alto, California; and the biggest Boston and New York City areas. For more information visit https://oxfordfinance.com/
About ReMed The combination of ReMed and LSC creates a leading ABI rehabilitation platform with a combined operating history of over 70 years. With more than 50 facilities in ten states, ReMed is one of the largest dedicated ABI rehabilitation platforms in the country. For more information visit https://www.remed.com/
About Baird Capital Baird Capital makes venture capital, development capital and private equity investments in strategically targeted industries around the world. Having invested in over 310 companies over the course of its history, Baird Capital partners with entrepreneurs and, leveraging its networks of executives, strives to build exceptional businesses. Baird Capital provides operational support to the companies in its portfolio through teams in the field in United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver increased shareholder value. Baird Capital is the private direct investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.