Oxford Finance LLC , a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $7.2 million senior secured term loan with Pritok Capital . Proceeds of the term loan were used to acquire Nentwick Care Center, a 100-bed skilled nursing facility located in East Liverpool, Ohio.
"Oxford is very pleased to provide capital to Pritok for the acquisition of Nentwick Care Center," said Christopher A. Herr, managing director for Oxford Finance. "Pritok has a strong investment platform for acquiring high quality seniors housing assets nationally, and we look forward to partnering with them on future transactions."
"The Oxford team has been incredible to work with, and I was very impressed by their professionalism, integrity, focus and expertise," said Max Stesel, managing partner and founder of Pritok Capital. "Oxford's ability to get to the closing in a quick and efficient manner is truly unparalleled."