Maryland-based operator of senior care facilities across the Mid-Atlantic, Sterling Senior Care, acquired another Maryland skilled nursing facility, following its 2018 acquisition of a 129-bed Boonsboro facility for $15.55 million. The most recent transaction featured a 129-bed facility in Belkamp, located in northeast Maryland. To fund the deal, Sterling turned to Oxford Finance, which closed a term loan and a revolving line of credit for the company. With that financial flexibility going forward, we expect to hear of more acquisitions from Sterling Senior Care.
Oxford Finance Funds Sterling Senior Care Acquisition
