Oxford closes $5M revolving line of credit with Mason Health

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $5 million revolving line of credit with Mason Health. Proceeds of the loan are being used to refinance existing debt and to support the operation of multiple skilled nursing facilities throughout Texas.

"Oxford is pleased to provide working capital to support Mason Health's newly developed skilled nursing facilities," said Christopher A. Herr, managing director for Oxford Finance. "Mason Health is an extremely well run organization, led by a management team that truly understands the industry."

"Our relationship with Oxford allows us to operate a skilled nursing model that offers a combination of elegant living environments, short and long term rehabilitation services, and special medical programs for those patients transitioning post hospitalization or who have chronic clinical conditions," stated Derek Prince, president and chief operating officer for Mason Health.  "We look forward to working closely with Oxford Finance for many years."