ALEXANDRIA, Va. & HOWELL, N.J.–(BUSINESS WIRE)–Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $124.75 million senior credit facility for the acquisition of four Autumn Lake Healthcare Skilled Nursing Facilities (“Autumn Lake” or “the Company”) 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,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “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,” said Mark Schwartz, chief operating officer of Autumn Lake Healthcare. “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.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. Since 2002, Oxford has originated approximately $9 billion in loans. Oxford is headquartered in Alexandria, Virginia, with additional offices in California (San Diego, Palo Alto, and Los Angeles), and the greater Boston and New York City metropolitan areas. For more information, visit oxfordfinance.com.
About Autumn Lake Healthcare
Autumn Lake Healthcare believes that a Healthcare Center should be an all-embracing transcendent environment and seeks to provide a recovery experience that will be remembered for the warmth exuded and the clinical excellence provided. Autumn Lake Healthcare is a management company that provides non-healthcare services to licensed healthcare centers. Healthcare related services are provided solely by each independently owned and operated Healthcare Center. Autumn Lake Healthcare licenses the use of its name to Autumn Lake Healthcare Facilities. For more information, visit autumnlakehealthcare.com.
Oxford Finance LLC