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Capital One Closes $16.3MM Loan to Refinance Skilled Nursing Facility Portfolio

August 30, 2017, 07:18 AM
Filed Under: Nusring Facilities

Capital One announced that it provided a $16.3 million loan to PruittHealth to refinance a portfolio of three skilled nursing facilities and an ICF-MR in Georgia, and a skilled nursing facility in North Carolina. 

“PruittHealth is a valued, long-term client of Capital One,” said Steven Anderson, Senior Vice President, Capital One Healthcare. “We were able to provide flexible financing to help the company unlock the potential of these properties.” Founded in 1969, Georgia-based PruittHealth has grown to encompass more than 90 post-acute, skilled nursing and assisted living locations in the southeastern United States. It also operates an array of supplementary services, including home health care, end-of-life care, rehabilitation, veterans care, and consultative pharmaceutical services. 

“We work with Capital One because of the team’s long experience in the healthcare industry,” said Dominic Romeo, PruittHealth’s Senior Vice President and Treasurer. “The expertise they bring to each transaction, along with the innovative financial solutions they offer, will help us reach our strategic goals for these properties.” 

Four of the properties—Lakehaven, Holly Hill, Crestwood, and Parkwood Development Center—are in Valdosta, Ga. Parkwood is the only private facility of its type in Georgia. The fifth, PruittHealth Durham is in Durham, N.C. 


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