Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences and companies worldwide, announced Wednesday the closing of a $104.3 million senior secured credit facility to Epic Healthcare Staffing (“Epic” or “the Company”), a portfolio company of Webster Equity Partners. The proceeds will be used to fund the acquisition of Orbis Data Solutions, refinance existing debt, fund future acquisitions, and for general working capital purposes. In March 2018, Webster Equity Partners formed Epic Healthcare Staffing – a diversified national provider of staffing services to healthcare and life sciences industries – through the combination of Cirrus Medical Staffing, Emerald Health Services, PharmaLogics Recruiting, Guardian Health Services, and Orbis Clinical. “We are thrilled to be partnering with Orbis Data and believe this combination will help both businesses in the coming years,” commented Mark Siegel, CEO of Epic Healthcare Staffing.
Read the full article: Webster-Backed Epic Healthcare Staffing to Acquire Orbis Data Solutions //