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Oxford Finance Provides $27.5MM Credit Facility to Cascades Healthcare

June 30, 2021, 08:06 AM
Filed Under: Nursing Facilities
Related: Oxford Finance

Oxford Finance closed a $27.5 million senior credit facility to Cascades Healthcare, an owner and operator of long term care facilities. The funds were used for the acquisition of four skilled nursing facilities (“SNFs”) located in Texas containing 647 licensed beds.

Cascades Healthcare was founded in 2016 to build and coordinate a network of associated senior care. The Company currently operates 19 SNFs in Utah, Idaho, and Texas, as well as providing operational support to three home health and hospice companies and managing a multi-state contract therapy company.

“Oxford is pleased to complete our first transaction with Cascades,” said Tracy S. Maziek, head of healthcare services at Oxford. “The team at Cascades operates with a clear mission—combining clinical expertise with a true appreciation for each patient they encounter and their unique challenges.”

“With their vast expertise in the healthcare sector, Oxford was an obvious choice as a financial partner,” added Darin McSpadden, CEO of Cascades Healthcare. “The team was able to quickly recognize our needs, provide flexible solutions, and execute the transaction as promised.”

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