Partners Pharmacy, a Springfield, N.J.-based provider of pharmacy and infusion services to the senior living facilities, received a $60 million senior secured credit facility.
CIT Group Inc. (NYSE: CIT)’s Healthcare Finance unit has served as sole lead arranger on the facility.
The proceeds will be used to refinance an existing credit facility and to provide working capital.
Partners Pharmacy is a provider of pharmacy and infusion services to the senior living facilities, including skilled-nursing facilities, assisted-living facilities, independent living communities, and memory-care facilities in 16 states.
Each Partners location provides the same personalized service through the combined resources of local teams and national resources collaborating with the communities it serves by the use of propriety technology.