Oxford Provides $4 Million Credit Facility to Platinum Health Care

Oxford Finance announced it has provided $4 million in senior debt to Platinum Health Care, a company that provides back office services to senior housing communities.

The deal includes a $3.5 million senior secured term loan and a $500 thousand revolving line of credit. The proceeds from the loan are being used to refinance existing debt, make capital improvements, and provide working capital for a skilled nursing facility in Illinois.

“We are extremely pleased to expand our existing lending relationship with Platinum Healthcare,” said Christopher A. Herr, managing director for Oxford Finance LLC. “Its management team has a great deal of experience in the healthcare industry and it is widely known that Platinum Health Care’s skilled nursing facilities are extremely well-managed.”


Started in 2001, PHC has 11 locations in the Midwest.

“We are excited about our new relationship with Oxford and look forward to their support as our financial partner as we continue to expand and improve our businesses,” said Paresh Vipani, chief financial officer for Platinum Health Care. “When we looked to refinance our business, Oxford exhibited uncommon creativity, flexibility and commitment to our needs throughout the transaction. We chose to work with Oxford because of its responsive, knowledgeable and deeply experienced team and the firm’s outstanding reputation.”