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CEDARHURST, N.Y. — Oxford Finance LLC has provided a $7.4 million senior credit facility and revolving line of credit to Reach LTC, a Cedarhurst-based skilled nursing provider.
The proceeds are being used for general working capital and the acquisition of a skilled nursing facility in Town and Country, Missouri, totaling 282 licensed beds. The name, seller and acquisition price were not disclosed.
“REACH brings a regional focus to the Town and Country facility along with significant investment in the property expected to enhance resident experiences and staff capabilities,” says Tracy Maziek, head of healthcare services at Oxford Finance.