Capital One served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility for Palm Garden Healthcare, consisting of a real estate term loan, a capex line of credit and an asset-based revolver.

Palm Garden Healthcare will use the proceeds to refinance existing debt and provide capital to expand and improve its facilities. Led by an experienced management team, it also operates home care agencies and provides outpatient therapy and rehabilitation services at their facilities.

“As Palm Garden Healthcare has evolved, they’ve needed a variety of financial solutions to maintain and grow their business,” said Jim Seymour, managing director for Capital One Healthcare. “We were able to leverage expertise from across our healthcare business to structure a credit facility that enables the company to continue serving their residents.”