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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it closed a $5.5 million revolving line of credit with PrimeSource Healthcare Systems, Inc. PrimeSource is a well established, privately owned provider of on-site mobile healthcare and billing services. Proceeds of the loan are being used to refinance the company’s existing loan facility and fund its growth plans.
“For over 30 years PrimeSource has been unwavering in its commitment to delivering quality, on-site healthcare services to residents of long-term care facilities,” said Christopher A. Herr, managing director for Oxford Finance. “PrimeSource is a company that has captured a majority share of the markets it serves, and Oxford is pleased to provide capital to fuel its continued success.”