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NEW YORK CITY — CIT, a division of First Citizens Bank, through its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million.
The original financing was developed in connection with FOX’s acquisition by Blue Wolf Capital Partners in February 2019. Since then, FOX, a provider of in-home physical, occupational and speech therapy services to older adult patients throughout the U.S., has generated significant growth via increased clinician count and patient volume and has expanded into eight additional states.
“The increased financing will support our continued growth and strategic business plans,” says Dr. Robyn Kjar, CEO at FOX.