Tuesday, December 15, 2015

TL Management Acquires Spring Creek Rehab Center in Harrisburg

by Steve Lubetkin Globest.com
Brooklyn, NY-based TL Management has acquired Spring Creek Rehabilitation and Health Care Center in Harrisburg, PA. Spring Creek, which has been in greater Harrisburg for more than 100 years, is a 404-bed rehabilitation and healthcare center which includes both short-term rehabilitation and long-term care facilities.

TL Management financed the acquisition with a $48 million credit facility arranged by First Niagara Bank.

"It was a pleasure to work with First Niagara to secure funding that provides us with the resources needed to continue to grow while maintaining the highest quality of care for our customers across all of our senior care facilities,” said Ben Reisman, vice president of corporate finance for TL Management.

TL Management owns more than 100 skilled nursing facilities around the country.

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