Oxford Finance Provides $23.5 Million Credit Facility to Prosper Life Care

first_img WhatsApp Facebook Oxford Finance Provides $23.5 Million Credit Facility to Prosper Life Care Pinterest By Digital AIM Web Support – February 3, 2021 Pinterest ALEXANDRIA, Va.–(BUSINESS WIRE)–Feb 3, 2021– 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 $23.5 million senior credit facility and revolving line of credit to Prosper Life Care Inc. (“Prosper Life” or “the Company), a management company with over three decades of combined experience in healthcare, Prosper Life specializes in assisted living and memory care. The proceeds were used for the acquisition of two assisted living/memory care facilities located in Massachusetts totaling 214 units. Prosper Life Care was formed in 2019 with the purpose of creating a lasting impact on the residents of assisted living and memory care communities. The Company operates with the goal to improve communities through efficient use of process, technology, and equipment. This is done by living by the Prosper Life core values of making life fun, making the community a home, and delivering purpose to everyone. “Although this is Oxford’s first transaction with Prosper Life Care, the Company’s principals and investors have a long history of success in the space,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “We anticipate much success for this team in the future.” “We could not have selected a better partner than Oxford for financing,” added Russ Papia, president of Prosper Life Care. “We all had to think outside the box to get this deal across the finish line during a pandemic. The team at Oxford was extremely professional, responsive, and understanding throughout the process.” About Oxford Finance LLC Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $6 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas. For more information, visit https://oxfordfinance.com/ About Prosper Life Care Prosper Life Care is a forward-thinking management company specializing in assisted living. With a combined experience of over three decades in healthcare, Prosper Life Care’s leadership team has a passion for providing care that enhances a person’s life. This is carried out by improving quality of life for not only the residents, but the staff that are responsible for providing care. To find out more about Prosper Life Care, please visit https://prosperlifecare.com/ View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005659/en/ CONTACT: Media Selma Bašić Oxford Finance LLC 703-519-4900 Tel [email protected]  KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA INDUSTRY KEYWORD: SENIORS PRACTICE MANAGEMENT MANAGED CARE FINANCE HEALTH BANKING PROFESSIONAL SERVICES CONSUMER SOURCE: Oxford Finance LLC Copyright Business Wire 2021. PUB: 02/03/2021 10:33 AM/DISC: 02/03/2021 10:33 AM http://www.businesswire.com/news/home/20210203005659/en WhatsAppcenter_img Local NewsBusiness Twitter Twitter TAGS  Facebook Previous articleAt Home Resumes Growth Strategy with Four New Locations in FebruaryNext articleNo cheering, no bars, less intimacy to ensure safe Olympics Digital AIM Web Supportlast_img read more

Vinkovci started the process of branding Vinkovci as a tourist destination

first_imgThe Tourist Board of the city of Vinkovci has started the process of branding Vinkovci as a tourist desirable destination.The need for branding was also recognized by the CNTB, which, according to the CNTB’s Public Invitation for tourist boards in underdeveloped tourist areas, granted support in the amount of HRK 60.000,00, while the rest of the necessary funds will be provided from the budget of Vinkovci. The Institute for Tourism is in charge of drafting the branding project, which has so far been involved in drafting various documentation in Vukovar-Srijem County, as well as in drafting the Master Plan for Tourism Development in the city of Vinkovci.The goal of the project is to raise the level of recognizability of Vinkovci in the tourist market and give guidelines for creating an offer that will ‘revive’ the brand and attract more guests, and the document will analyze the current state of marketing in the destination, develop a brand concept and promotion strategy. ” Branding is a process, it’s not just a logo and slogan. It is a long-term process because we give the brand a promise that must be delivered to the destination. The whole destination has to tell the story of that brand. This document is the guideline and core of the entire brand, and thus the starting point for all day promotional activities and the development of the entire tourist offer that should be adapted to the uniqueness that Vinkovci offers and what distinguishes them from other destinations.”Said the project manager, Ph.D. Snježana Boranić Živoder from the Institute of Tourism.For the needs of the project, two surveys were conducted. The first, which referred to the survey of perceptions about the city of Vinkovci among the people of Zagreb, showed that the first associations with Vinkovci were: Vinkovci Autumns, Slavonia, Slavonians, East and the song ‘Come to Vinkovci’. Among the predefined associations, the respondents most often singled out: Vinkovci Autumn, Slavonia, NK Cibalia, gastronomy and railway. The people of Zagreb mostly agree with the claims that ‘Vinkovci is an experience of Slavonia’, ‘City of tradition and customs’ and ‘city of rich cultural and historical heritage’. The most associated with Vinkovci are gold, yellow and green.Another study showed that Vinkovci has been mentioned about 2 times in the online media in the last four months, about 900 times in the context of tourism. They are mostly mentioned in Croatian, less in English and very modestly in German and Slovenian.This is the first foundation for the strategic and sustainable development of a tourist destination, of course if the document is made with quality and does not remain somewhere in the drawer to collect dust. The project is expected to be completed by the end of November 2017.Related news:VINKOVCI AS THE OLDEST CITY IN EUROPE MUST BE THE MAIN STAR OF EUROPEAN TOURISM,VINKOVCI AS THE OLDEST CITY IN EUROPE MUST BE THE MAIN STAR OF EUROPEAN TOURISMlast_img read more