Oxford Finance closed a large senior credit facility and revolving line of credit to support the acquisition of four skilled nursing facilities in Florida. Pointe Group Care, an owner/operator of skilled nursing and assisted living facilities in Massachusetts and Florida, was the buyer and borrower.
Totaling $57.2 million, the financing package will also be used to fund working capital and refinance existing debt. Neither party released any other details on the deal. This is not the first transaction closed between Oxford and Pointe Group, and existing relationships have proven key to getting deals done in this pandemic environment.
