Advisor on Senior Debt Refinancing – Long Term Care
Overview
Yee Hong Centre for Geriatric Care (“Yee Hong”) is a provider of long-term care (“LTC”) services with four LTC homes, totaling 805 beds in the Greater Toronto Area
MPA was retained by Yee Hong to advise on the best financial path to serve Yee Hong’s existing and future capital needs
Our Role
In consultation with Yee Hong management, MPA conducted a thorough review of Yee Hong’s background, history, plans for the future, position in the market, among many other factors in its initial assessment of the situation
An extensive market canvas was conducted to determine the nature and level of interest in Yee Hong
MPA conducted an assessment to determine and evaluate the best financing options available to Yee Hong
Based on Yee Hong’s decision, MPA executed on a refinancing deal that would best address Yee Hong’s financing priorities
Throughout execution, and given the dynamic and ever-changing economic conditions, MPA regularly updated its assessment and presented material changes to Yee Hong to ensure that the chosen path was still current and optimal
Yee Hong already had some existing mortgages on the books that were limiting their access to capital and restraining growth
Outcome
MPA met Yee Hong’s goals of maximizing access to capital by refinancing senior debt, minimizing cost, and executing as quickly as possible, thus promoting the quality-of-care services of the LTC homes
Healthcare
Advisor on Senior Debt Refinancing – Long Term Care
