Oxford Finance Provides Credit Facility to Brain Injury Rehab Provider ReMed Holdings, LLC
ALEXANDRIA, Va. and PAOLI, Pa., Aug. 26, 2020 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, 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 rehab services to patients with post-acute acquired brain injuries ("ABIs").
The proceeds are being used for general working capital and to partially finance the acquisition of Learning Services Corporation ("LSC"). Oxford Finance is the sole lead arranger and administrative agent in this transaction with Baird Capital and Deerfield Management as the lead equity investors in ReMed.
Founded in 1984, ReMed operates under the single premise that individuals with brain injury have the potential to return to a life that is meaningful and productive. ReMed's extensive system of comprehensive services allows access at multiple levels and varying stages of recovery.
"ReMed has established a leading brand with an exceptional reputation in the ABI rehab space," said Tracy S. Maziek, head of healthcare services at Oxford Finance. "On behalf of the entire Oxford team, I'm pleased to be working with the ReMed, Baird, and Deerfield teams and glad we could help grow this business."
"The Oxford team worked closely with us to understand the nuances of our business and craft a solution that solved not only our immediate financing needs for the acquisition of LSC, but also provided additional capacity for future growth," said Jeff Payne, CFO of ReMed.
"From their initial involvement in the transaction, Oxford showed a high degree of ingenuity to create a structure that afforded maximum flexibility while also solving for the variations of the transaction," added Brett Tucker, partner at Baird Capital. "The creativity of their financing solution provided ReMed with a competitive edge in the acquisition process."
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