Oxford Finance, a finance firm providing senior debt to healthcare services and life sciences companies, provided a $7.4 million senior credit facility and revolving line of credit to REACH, a provider of short and long-term skilled care options.
The proceeds are being used for general working capital and the acquisition of one skilled nursing facility located in Town and Country, MO, containing 282 licensed beds.
REACH provides a range of services, including advanced pulmonary rehab, complex wound care treatment, on-site hemodialysis and a memory care program.
“REACH brings a regional focus to the Town and Country facility along with significant investment in the property expected to enhance resident experiences and staff capabilities,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “Oxford is pleased to support the company’s mission of bringing better quality of care to the St. Louis market.”
