Oxford Finance LLC announced their closing on financing to Chosen Healthcare to purchase two long-term care facilities in Texas.
The specialty finance firm, which provides senior debt to healthcare companies, approved the senior secured term loan with a revolving line of credit. The facilities Chosen Healthcare bought with these funds are Park Place Care Center and Assisted Living and Pflugerville Care Center in Austin.
The two companies have partnered previously, allowing the deal to close quickly, a Chosen Healthcare spokesman said.
