Oxford Finance LLC announced the closing of a $124.75 million senior credit facility to finance the acquisition of four skilled nursing facilities in Maryland.
Autumn Lake Healthcare, which acquired the buildings, is a management company that provides non-health care services to licensed health care centers, according to its website. Its network of independently owned and operated nursing homes span five states including New Jersey, Connecticut, Maryland, West Virginia and Wisconsin.
“The Autumn Lake team has a demonstrated history of clinical excellence, and we are confident they will provide compassionate care to patients in these new facilities,” Tracy S. Maziek, head of healthcare services at Oxford Finance said in a statement.
Oxford provides senior secure loans to public and private sciences and health care services companies worldwide. Since 2002, the specialty finance firm has originated approximately $9 billion in loans.
“It was a sincere pleasure dealing with Oxford Finance,” Autumn Lake Healthcare COO Mark Schwartz said in a statement. “Their keen understanding of the healthcare field and personal attention to detail helped facilitate a smooth transition. We look forward to working with them again in the future.”
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