Capital One Tops 2017 Arrangers for Leveraged Healthcare Loans

by Jeff Shaw

BETHESDA, Md. — Capital One Healthcare’s Corporate Finance group was the lead arranger in the nation in 2017 for healthcare leveraged loans up to $1 billion, according to Thomson Reuters.

The corporate finance team of the Bethesda-based lender closed 54 transactions in 2017. Capital One Healthcare, which provides both corporate and real estate finance, closed 140 transactions in total.

Capital One Healthcare is active across long-term care, pharmaceuticals, medical devices, hospitals and outpatient services, healthcare IT, and medical properties. The team finances acquisitions, recapitalizations and working capital needs.

“This was an exceptional year for the leveraged loan market,” says Al Aria, senior managing director, Capital One Healthcare Corporate Finance. “There were no major shocks to disrupt the market within the span of the year, and as a result, investors benefited from ample liquidity.”

The seniors housing and care space continued to present opportunities for investors in 2017 amid significant short-term uncertainty, particularly in the post-acute sector, according to Capital One. This uncertainty manifested itself in fewer new investment and lending opportunities in 2017, and Capital One expects this uncertainty in post-acute will carry over into 2018.

“Despite some headwinds, our team had a very productive year for new seniors housing loan originations, which we attribute primarily to our newly introduced single sales force model,” says Jim Seymour, senior managing director of Capital One Healthcare’s Real Estate team. “Our team now represents all Capital One debt product offerings — balance sheet, Fannie Mae, Freddie Mac, and HUD — enabling us to better serve our clients.”

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