White Oak Healthcare Finance Acquires $700M Capital One Loan Portfolio

NEW YORK CITY — White Oak Healthcare Finance has acquired approximately $700 million in skilled nursing and seniors housing loans from Capital One Healthcare and its participant banks. 

Capital One provided debt financing for the transaction. Financial terms of the transaction were not disclosed. The portfolio includes 12 separate skilled nursing facilities.

 “This transaction enables [White Oak] to continue their aggressive growth strategy and for Capital One, it presented a great opportunity for us to change the nature of some of our skilled nursing exposure and to continue our commitment to the sector,” says Jim Seymour, senior managing director of Capital One Healthcare.

Based in New York City, White Oak Healthcare Finance, an affiliate of White Oak Global Advisors, is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and skilled nursing facilities.