Siena Healthcare Finance announced the closing of a $15MM working capital facility for Michigan-based Optalis Health & Rehabilitation. Siena provided the line of credit for Optalis’ acquisition of a new SNF group.

“We are thankful to partner with Raj, who has led Optalis on a continued growth strategy,” said Jennifer Sheasgreen, Siena Healthcare Finance President. “Through collaboration and a flexible borrowing base structure, we crafted a unique, tailored solution that works for Raj and his team.”

“We are pleased to confirm the successful closing of a working capital line of credit with Siena Healthcare Finance for a recently acquired portfolio. Siena’s team, under the leadership of Jennifer Sheasgreen, was able to work through the various complexities of the deal structure, including underwriting unbilled receivables during the CHOW process,” said Raj Patel, CEO of Optalis.