SpendMend closes $55 million facility, revolver with Oxford Finance

By Taylor Fox

New York, Oct. 8 – SpendMend closed a $55 million senior credit facility and revolving line of credit with Oxford Finance LLC, according to a news release.

The proceeds from the deal were used to refinance existing debt, fund the acquisition of Turnkey Pharmacy Solutions and Elevate340B and provide ongoing working capital.

Oxford Finance is the sole lead arranger and administrative agent in this transaction.

SpendMend is the leading outsourced provider of cost cycle management services and tech-enabled solutions to the healthcare market, based in Grand Rapids, Mich.

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