Chosen Healthcare, a St. Louis, MO-based operator of nursing and assisted living facilities, closed a syndicated senior secured term loan and a revolving line of credit.
Oxford Finance provided the financing while CIT Bank, N.A. and Opus Bank were co-lenders.
The company will use the funds to recapitalize and expand its network of long-term care facilities.
Chosen Healthcare communities provide short-term and long-term residents with quality medical care and rehabilitation. Services include adult day care, memory care, speech and physical therapy, assisted or independent living, rehabilitation, Huntington’s disease care, pain management and hospice.
It currently operates 22 skilled nursing facilities and one assisted living facility in Indiana, Iowa and Texas.