Capital One served as administrative agent and sole lender on a $200 million credit facility for Maxim Healthcare, a U.S. provider of home health and medical staffing with more than 400 branches in 37 states.
Proceeds will be used to support continued growth in Maxim’s home care and staffing businesses.
“Capital One was able to complete the deal in just 30 days, providing us with funding to support the growth of our staffing business,” Raymond Carbone, CFO of Maxim, said. “The team’s in-depth knowledge and expertise in the healthcare industry allowed us to execute quickly during a critical time for our patients.”
Capital One has provided financing and treasury management services for more than a decade to Maxim.
“This transaction really showcases the benefits of a longstanding client-lender relationship,” Jeffrey Hoffman, managing director for Capital One Healthcare Finance, said. “Having worked with Maxim Healthcare for more than a decade, we had the understanding of their business that enabled us to provide quick execution.”
Capital One Healthcare is a provider of financial services to healthcare sectors.
