Managing Director
Managing Director David Young offers advice on financial stability to skilled nursing operators in McKnight’s Long Term Care News:
2. Be smarter about funding and acquiring capital.
“If you are good at turnarounds [and] have a financing package off-the-shelf and ready to go for lenders, you may approach with a value-add acquisition,” said David Young, Greystone managing director. “If you can demonstrate that you took facilities from a specific census and operating income at acquisition to a year after acquisition, and those case studies are analogous to the next acquisition you are pursuing, that’s worth its weight in gold.”
Read the full article here.