LTC financing uncapped. Capital begins to flow again. Interview by Jim Bowe.
For those who are patient and know where to look, financing for nursing homes shows signs of rebounding. Capital is slowly but surely making its way back into the long-term care industry after several lean years that forced many operators to put their expansion plans on hold while they waited for more favorable lending conditions. To get a fix on lenders' willingness to finance nursing homes, Contemporary Long Term Care recently interviewed Gary Veloric of J.G. Wentworth and Company, Inc., Philadelphia. Veloric, who is president and CEO of the merchant bank specializing in long-term care financing, has raised more that one-half billion dollars over the last eight years for nursing home and retirement housing operators. The comments on the following pages are excerpts from that discussion.
Veloric
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D002202:Capital Financing / Q000639:trends*; D003132:Commerce / Q000458:organization & administration; D008134:Long-Term Care / Q000191:economics / Q000458:organization & administration; D009735:Nursing Homes / Q000191:economics* / Q000458:organization & administration; D010934:Planning Techniques; D014481:United States