Capital One Arranges $110.5M Loan for Acquisition of Spectrum Professional Services

by Jeff Shaw

BALTIMORE — Capital One Healthcare was administrative agent and lead bookrunner for a $110.5 million senior secured credit facility to support the acquisition of Spectrum Professional Services.

An investor group led by Beecken Petty O’Keefe & Co. announced its plans to acquire the company in December.

Spectrum Professional Services is a Baltimore-based skilled nursing operator and consulting firm with over 500 customers in the United States. Beecken Petty O’Keefe & Co. is a Chicago-based healthcare investor.

Capital One Healthcare is a Bethesda-based subsidiary of Capital One Financial Corp. that provides financial services to the healthcare industry.

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