Oxford Finance Corp (Oxford), Alexandria, Va,a subsidiary of Sumitomo Corp, today has closed a $16 million senior credit facility with SnF Management LLC, West Hollywood, Calif, operator of the Windsor family of health care facilities. The transaction includes a senior secured term loan and a revolving line of credit, which SnF plans to use to purchase additional properties throughout California.
Oxford is a specialty finance firm providing senior secured loans to public and private life science and health care services companies worldwide. In recent years, Oxford has originated over $1.5 billion in loans, with lines of credit ranging from $500 thousand to $40 million.
Windsor Healthcare, a division of SnF Management Company LLC, is a provider of long-term health care and rehabilitation services that operates under the Windsor name. It operates 32 skilled nursing and rehabilitation centers and one assisted living facility located throughout the state of California, or 4,094 licensed beds. Approximately 5,600 Windsor employees provide nursing care and therapeutic service to an average of 3,735 patients per day.
[Source: Oxford Finance Corp]