Oxford Finance closed a unitranche $64 million term loan and a $7 million revolving line of credit with a subsidiary of Mid-Atlantic Health Care. Funds are being used to purchase five existing skilled nursing facilities in Maryland and Pennsylvania from Magnolia Management and for working capital. CapitalSource was a co-lender.

Founded in 2003, Timonium, MD-headquartered MAHC owns and operates 22 skilled nursing facilities in Maryland and Pennsylvania, which have approximately 4,000 beds.

“This loan illustrates Oxford’s ability to execute larger, more complex transactions within the long-term care space,” said Tracy S. Maziek, managing director at Oxford Finance. “MAHC has an excellent track record in the Mid-Atlantic region, and Oxford is pleased to provide funds to help the company expand its portfolio of quality skilled nursing facilities.”

“Oxford continues to be a dependable and extremely flexible partner, focused on structuring loans that help our organization achieve its financial objectives,” said Michael Mahon, president of administration and operations for Mid-Atlantic Health Care. “We appreciate the professionalism of the Oxford team and the company’s commitment to staying true to its promises throughout the process.”