Illinois

$3.5MM Healthcare Receivables Facility Provides Working Capital for Skilled Nursing Facilities

A group of skilled nursing facilities in Illinois required a financing solution to support operations through a Change of Ownership (CHOW). The transition created short-term cash flow challenges as the new operator assumed management responsibilities and stabilized operations.

eCapital delivered a $3.5MM Healthcare Receivables line of credit to provide immediate working capital and enhance liquidity during the transition. The facility ensures funds are available for payroll, vendor obligations, and operational needs—helping the new operator maintain consistent, high-quality care throughout the ownership change.