Creative Solutions in Healthcare, a leading family-owned company based in Fort Worth, Texas, has secured $47 million in financing to acquire two skilled nursing facilities in Texas. This acquisition, totaling 228 beds, is part of the company's ongoing expansion efforts. It brings the total number of newly acquired facilities to 15 since the beginning of the year.
Strategic Acquisition of Texas Facilities
The newly acquired facilities are located in Kirbyville and El Paso, Texas, areas where Creative Solutions has a strong presence. Previously, these facilities were leased and managed by Creative Solutions, which operates nine skilled nursing facilities in the El Paso region alone. With this acquisition, Creative Solutions strengthens its foothold in Texas, now overseeing more than 170 long-term care communities across the state.
Partnership with Oxford Finance: A Key to Growth
The acquisition was made possible through a strategic partnership with Oxford Finance, a specialty finance firm known for providing senior debt to companies in the healthcare sector, among others. The financing included a senior credit facility with a significant delayed draw commitment, offering Creative Solutions the flexibility to finance future acquisitions. This financial strategy aligns with the company's broader investment goals.
"Creative Solutions' stellar reputation for compassionate care has led to robust growth throughout Texas," said Tracy S. Maziek, head of healthcare services at Oxford Finance, in a press release. "We are thrilled to provide the company with an innovative credit facility that will bolster its future acquisition plans."
A Vision for the Future
Gary Blake, President and CEO of Creative Solutions, expressed enthusiasm about the partnership with Oxford Finance, highlighting the importance of this funding in realizing the company's long-term investment strategy.
"We are very enthusiastic to have this opportunity with Oxford Finance," Blake said. "This partnership is pivotal in making our investment strategy a reality."
Creative Solutions in Healthcare: A Commitment to Quality Care
Creative Solutions in Healthcare has built a reputation for providing compassionate and high-quality care across its extensive network of facilities. The company's growth, supported by strategic financial partnerships, reflects its commitment to expanding access to quality long-term care services throughout Texas.
As Creative Solutions continues to expand, this latest acquisition underscores its focus on creative solutions in healthcare, leveraging strategic partnerships and innovative financing to enhance its service offerings and meet the growing needs of the communities it serves.
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