Capital One Upsizes ABL Commitment for Maxim Healthcare

Capital One provided a $30 million increase to its senior secured, asset-based revolving credit facility for Maxim Healthcare Services, raising the total commitment to $155 million. Maxim is using the proceeds to fund growth and working capital needs.

“We believe that favorable demographics will continue to drive the home health and healthcare staffing sectors for the foreseeable future and Maxim is well positioned to take advantage of this trend,” said Al Aria, senior managing director of Capital One Healthcare. “The partnership we’ve developed with the team over the past decade has put us in the position to respond quickly to help the company pursue its strategic goals.”

Maxim Healthcare Services is one of the largest providers of home health, medical staffing and immunization services in the U.S. The company currently maintains more than 200 branches in more than 40 states.

“We have continued to turn to the Capital One team for our financing needs because of their extensive knowledge of the home healthcare and staffing markets,” said Raymond Carbone, Maxim’s chief financial officer. “Capital One’s perspective, both short and long term, helped shape a solution for our capital needs.”

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