Private equity firm Pritok Capital received its US$7.2 million loan from specialty finance firm Oxford Finance LLC. The latter reported earlier that the amount borrowed will be used to finance the acquisition of Nentwick Care Center, a nursing facility situated in East Liverpool, Ohio.
"Oxford is very pleased to provide capital to Pritok for the acquisition of Nentwick Care Center," remarked Oxford Finance managing director Christopher A. Herr on the transaction. "Pritok has a strong investment platform for acquiring high quality seniors housing assets nationally, and we look forward to partnering with them on future transactions."
Pritok Capital, which was established in 2012, is a private equity group that acquires skilled nursing institutions, arranges their lease to reliable regional operators and helps operators gain access to capital through the execution of purchase-leaseback deals. Pritok Capital has expanded their nursing facility acquisitions to institutions in Ohio, Texas and Minnesota.
Virginia-headquartered Oxford Finance has over 20 years of history in helping life sciences and healthcare service companies secure loans and providing efficient financing solutions.
"The Oxford team has been incredible to work with, and I was very impressed by their professionalism, integrity, focus and expertise," shared Pritok Capital founder Max Stesel. "Oxford's ability to get to the closing in a quick and efficient manner is truly unparalleled."
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