Capital One is providing a secured term loan and revolving line of credit to Partners Pharmacy Services.
Partners provides pharmacy services for long-term care institutions, including skilled nursing facilities, assisted living facilities and other institutional settings. It has 13 pharmacy locations serving 65,000 beds.
“Capital One took the time to understand our growth potential and structured the transaction to meet our goals,” said Patrick Downing, Partners’ president and CEO. “Capital One was highly responsive to our needs throughout the process.”