Oxford Finance, a specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, closed a $47 million senior credit facility to Creative Solutions in Healthcare.
Funds drawn at closing were used to finance the acquisition of two skilled nursing facilities in Texas, totaling 228 beds. Additionally, the credit facility includes a substantial delayed draw commitment, providing the company with the flexibility to finance future acquisitions.
”Creative Solutions’ stellar reputation for compassionate care has led to robust growth throughout Texas,” Tracy S. Maziek, head of healthcare services at Oxford, said. “We are thrilled to provide the company with an innovative credit facility that will bolster its future acquisition plans.”
“We are very enthusiastic to have this opportunity with Oxford Finance,” Gary Blake, president and CEO of Creative Solutions in Healthcare, said. “This partnership is pivotal in making our investment strategy a reality.”
