Oxford Finance, a specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, closed a $124.75 million senior credit facility for the acquisition of four Autumn Lake Healthcare skilled nursing facilities located in Maryland containing 520 licensed beds.
Autumn Lake Healthcare maintains a network of independently owned and operated nursing homes and rehabilitative care centers across Connecticut, New Jersey, Maryland, West Virginia and Wisconsin.
“We are pleased with yet another opportunity to support Autumn Lake, a longstanding Oxford borrower,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “The Autumn Lake team has a demonstrated history of clinical excellence, and we are confident they will provide compassionate care to patients in these new facilities.”
“It was a sincere pleasure dealing with Oxford Finance,” Mark Schwartz, chief operating officer of Autumn Lake Healthcare, said. “Their keen understanding of the healthcare field and personal attention to detail helped facilitate a smooth transition. We look forward to working with them again in the future.”
