Oxford Finance Closes Credit Facility with Renalogic - Yahoo Finance Australia

Renalogic is a leader in dialysis risk management and cost containment

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 senior credit facility and revolving line of credit to Renalogic (or "the Company"), an industry leader in dialysis risk management and cost containment solutions.

Proceeds from the transaction were used to support growth initiatives and to partially fund the recapitalization of Renalogic by Carrick Capital Partners ("Carrick"), a growth-oriented investment firm focused on software and software-enabled businesses.

Renalogic provides solutions that identify gaps in the management of kidney disease, reducing claim costs and improving outcomes within the growing self-funded insurance plan market. The Company has grown rapidly in recent years as rising healthcare costs associated with chronic kidney disease ("CKD") have become increasingly painful for employers. Renalogic takes a holistic approach to reducing the risk associated with CKD, offering proven intervention for plans’ highest risk population, member education, patient advocacy, and dialysis cost containment.

"Oxford is proud to support a company focused on novel solutions for kidney disease management, with an emphasis on preventing the need for dialysis," said Tracy S. Maziek, head of healthcare services at Oxford Finance. "Renalogic is a market leader in its niche and backed by an experienced sponsor with a track record of successfully scaling healthcare IT businesses. The partnership provides a strong foundation for continued growth and success."

"Renalogic has experienced significant growth over the last several years by helping health plans and their members reduce risk associated with CKD," according to Lisa Moody, CEO at Renalogic. "Oxford has prior experience lending to the risk management and cost containment industry, and we are happy to have their support as a capital partner as we continue to scale our business."

"The Oxford team was able to provide a flexible financing solution to support our investment in Renalogic," added Chris Wenner, managing director at Carrick. "We are pleased to complete our first transaction with Oxford."

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 Renalogic

Renalogic has been the industry leader in dialysis cost containment for nearly 20 years and continues to innovate through the impact of the Kidney Dialysis Avoidance Program. We are revolutionizing the industry by delivering predictive analytics to identify the progression of the disease, simplifying the costs and clinical complexities of chronic kidney disease to make a positive impact and reduce the dialysis incidence rate in every population we touch. Every chronic condition leading to End Stage Renal Disease is manageable and even preventable when identified early. For more information, please visit https://renalogic.com/.

About Carrick Capital Partners

Headquartered in San Francisco and Newport Beach, Carrick Capital Partners is a growth-oriented investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast-growing, technology-enabled businesses. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Leveraging decades of experience, Carrick helps scale great companies that deliver excellent returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment capital and growth expertise. For more information, please visit http://www.carrickcapitalpartners.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210408005555/en/

Contacts

Media
Selma Bašić
Oxford Finance LLC
703-519-4900 Tel
media@oxfordfinance.com