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Oxford Finance Closes $7.4MM Credit Facility with REACH LTC

December 10, 2020, 08:20 AM
Filed Under: Nursing Facilities

Oxford Finance closed a $7.4 million senior credit facility and revolving line of credit to REACH LTC, a provider of short and long-term skilled care options. The proceeds are being used for general working capital and the acquisition of one skilled nursing facility located in Town and Country, MO containing 282 licensed beds.

“REACH brings a regional focus to the Town and Country facility along with significant investment in the property expected to enhance resident experiences and staff capabilities,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “Oxford is pleased to support the Company’s mission of bringing better quality of care to the St. Louis market.”

“Our goals continue to be centered around improving the markets we are in, by way of superior clinical care, competitive compensation for our staff, and capital investment in the physical plant to bring the aesthetics up to the standard of the surrounding community. We look forward to the opportunity to demonstrate our commitment to these values and our operational aptitude,” stated a REACH executive.

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