Quality of Life Health Corporation Secures $25 Million Acquisition Line
July 25, 2005 Quality of Life Health Corporation Secures $25 Million Acquisition Line Quality of Life Health Corporation (QLHC) announced on July 11, 2005 that it has secured a $25 million acquisition credit line specifically for buying additional senior long-term care facilities. The credit line will be deployed as the Company's equity portion of what is typically a 25 percent equity/75 percent senior debt funding structure for acquiring senior care facilities. This could allow the company to acquire upwards of $100 million in additional facilities with standard senior debt financing from third-party lending institutions to compliment . . .
