Capital One served as sole lead arranger and administrative agent for a $61 million term loan and $12 million revolving credit facility to affiliates of CommuniCare Health Services. The loan and credit facility were used for the acquisition of nine skilled nursing facilities in Ohio and Maryland.
CommuniCare Health Services is part of the CommuniCare Family of Companies, a family-owned business headquartered in Cincinnati.
“The team leveraged our relationships with the seller, a publicly traded REIT, to assist CommuniCare with this acquisition,” said Jim Seymour, senior managing director, Capital One Healthcare. “We worked closely with all parties to close the complex transaction within a narrow window of opportunity.”
Capital One Healthcare is a part of Capital One Commercial Banking, which leverages a relationship-based banking model that delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.