Pritok Capital has received a $7.2 million loan from Oxford Finance, a specialty finance firm that provides senior debt to companies in the life science and healthcare sector. Proceeds of the loan were used by Pritok to acquire Nentwick Care Center, a nursing facility in East Liverpool, Ohio. Pritok Capital is a private equity firm that invests in senior care real estate.
ALEXANDRIA, Va., Aug. 1, 2013 /PRNewswire/ — Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $7.2 million senior secured term loan with Pritok Capital (“Pritok”). Proceeds of the term loan were used to acquire Nentwick Care Center, a 100-bed skilled nursing facility located in East Liverpool, Ohio.
“Oxford is very pleased to provide capital to Pritok for the acquisition of Nentwick Care Center,” said Christopher A. Herr, managing director for Oxford Finance. “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.”
“The Oxford team has been incredible to work with, and I was very impressed by their professionalism, integrity, focus and expertise,” said Max Stesel, managing partner and founder of Pritok Capital. “Oxford’s ability to get to the closing in a quick and efficient manner is truly unparalleled.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $50 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Illinois, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Pritok Capital
Pritok Capital is a private equity group that specializes in investments in senior care real estate. It purchases skilled nursing facilities and leases to reputable regional operators, as well as executes purchase-leaseback transactions to give quality operators access to capital, while enabling them to continue operating their facilities. Since being formed in 2012, Pritok Capital has acquired skilled nursing facilities in Texas, Ohio and Minnesota. For more information, please contact Max Stesel at 773-297-5301.