client_transactions

SSG Client Transactions

Title

Grace Community, Inc.
Client Profile

Client Profile

Grace Community, Inc. (‘Grace Community’ of the ‘Company’) d/b/a StoneRidge Village is a Pennsylvania-based long-term care facility that provides independent living, assisted living and skilled nursing services.
Situation

Situation

SSG was retained to sell the Company after it filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
Solution

Solution

The SSG Group was able to generate 13 bids at the 363 auction, resulting in an increase in the proceeds to the secured creditors of 19% over the platform bid. Moreover, the Company was sold as a going concern and all resident lifecare contracts were assumed.
December 2000
ECC Retirement Village
has acquired substantially all assets of
Grace Community, Inc.
The undersigned acted as Investment Banker to
Grace Community, Inc. on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

Contact by E-mail »

New York
(212) 786-7432

Contact by E-mail »