First Citizens Bank Arranges $115 Million in Financing for Illinois Skilled Nursing Facilities

Core Insights - First Citizens Bank's Healthcare Finance business arranged $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois [1][2] - The transaction involves facilities with over 1,500 licensed beds, catering to individuals requiring rehabilitation or 24-hour medical attention [2] - The financing aims to support the growth of a Midwest-based healthcare real estate investment and management company [1][3] Company Overview - First Citizens Bank provides comprehensive financing and banking solutions tailored to middle market healthcare companies across the U.S. [4] - The bank has a legacy of strength and stability, with over $200 billion in assets and a presence in 30 states [5] - First Citizens Bank offers a range of services including commercial banking, innovation banking, and a nationwide direct bank [5]