Webster Bank and three other lenders closed on a $70 million portfolio refinancing for Apple Health Care, an operator of skilled nursing facilities based in Connecticut.

Apple operates 16 facilities with 1,336 beds in Connecticut and Rhode Island. The refinancing allowed the company to finance additional properties with the U.S. Housing and Urban Development, fund improvements and improve cash flow.

“Webster was a natural choice for Apple, selected because among many value-added advantages, we share like-minded values and a commitment to serving our local communities,” said Brian Foley, Apple Health Care president.

Betsy Shelley, senior vice president, manager of commercial health care lending and Greg Anderson, relationship manager, Commercial Banking, led the transaction for Webster, which has been working with the company for more than 15 years.

“We are delighted to partner with Apple Health Care to support this important transaction and its continued growth, as it further demonstrates our commitment to provide innovative financing solutions and banking services to our clients,” Shelley said.