ALEXANDRIA, Va., and STOUGHTON, Mass. — Oxford Finance LLC has provided a $57.2 million senior credit facility and revolving line of credit to Pointe Group Care LLC.
The funds were used for working capital, refinance existing debt and support the acquisition of four additional long-term care facilities in Florida. Details on the acquisition were not disclosed.
Headquartered in Stoughton, Pointe Group is an owner and operator within the skilled nursing and assisted living industry. Oxford is a specialty finance firm based in Alexandria.
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