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

MPA’s Role and Key Considerations

• 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