Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a term loan to a portfolio company of Skyway Group that will be managed by Mission Health Communities LLC ("Mission Health"), a provider of senior living and skilled rehabilitation communities. The funds will be used for the acquisition of 15 skilled nursing facilities in Kansas.
Mission Health was founded in 2006 to manage long term care, senior living, assisted living, short-stay rehabilitation and skilled nursing communities throughout the United States.
"This transaction represents Oxford's first opportunity with Mission Health," said Tracy S. Maziek, head of healthcare services at Oxford Finance. "We are thrilled to partner with a premier senior living provider and aid in the expansion of their robust portfolio."
"We're excited about welcoming these new communities and expanding Mission Health's footprint in the state of Kansas," said Stuart Lindeman, CEO of Mission Health Communities. "We look forward to growing with these local businesses under new ownership."