Capital One Healthcare served as administrative agent and lead bookrunner for a $110.5 million senior secured credit facility to support the acquisition of Spectrum Professional Services by an investor group led by Beecken Petty O’Keefe and Company.

Spectrum Professional Services is a provider of rehabilitative therapy management and consulting services, with more than 500 customers throughout the U.S., including a wide range of post-acute care providers such as skilled nursing, independent and assisted living facilities, continuing care retirement communities, outpatient rehab centers and home health agencies.

“We believe that the terms of this acquisition position Spectrum to meet the surge in demand for rehabilitative therapy services over the next decade,” said John Heller, Spectrum Professional Services president and CEO. “The Capital One Healthcare team knows both parties well, so when it was time to execute the debt financing, they were able to move quickly and implement a successful syndication.”

“We have worked closely with both parties,” said Al Aria, senior managing director of Capital One Healthcare’s corporate finance team, “and we were uniquely positioned to provide an attractive structure to finance the acquisition. We look forward to collaborating further with them and to continue to support their growth objectives.”

Capital One Healthcare is a part of Capital One Commercial Banking.