Shady Shores Communities LLC, a Denton, Texas-based long-term care provider, received $8m in debt financing from Oxford Finance LLC.
This included a $7m senior secured term loan and a $1m revolving line of credit
Proceeds from the loan are being used to acquire four skilled nursing facilities in Texas.
Led by Michael G. Wallace, chief executive officer, Shady Shores Communities specializes in the operation of skilled nursing facilities, memory care facilities, and assisted living. The company operates four skilled nursing facilities, with three additional campuses under development.
FinSMEs
25/09/2015