July 11, 2014 8:34 PM ET

Healthcare Providers and Services

Company Overview of Tandem Health Care, LLC

Company Overview

Tandem Health Care, LLC provides long-term healthcare services through a network of long-term healthcare facilities in the United States. It operates through three segments: Inpatient Services, Rehabilitation Therapy, and Other. The Inpatient Services segment provides facility-based long-term healthcare services, including long-term skilled nursing care, short-term transitional therapy and rehabilitation care, Alzheimer’s care, assisted living services, and independent living services. The Rehabilitation Therapy segment provides physical, speech, and occupational therapy primarily to patients of skilled nursing facilities, including some of the facilities in inpatient services segment. The O...

800 Concourse Parkway South

Suite 200

Maitland, FL 32751

United States

Founded in 1997

12,000 Employees

Phone:

407-571-1550

Fax:

407-571-1599

Key Executives for Tandem Health Care, LLC

President
Age: 58
President of Tandem Regional Management (Florida Division) and President of Landmark Division
Age: 63
President of Tandem Rehabilitation
President of Division of Ancillary Services
Division President of Mobile Medical Group Division
Age: 59
Compensation as of Fiscal Year 2014.

Tandem Health Care, LLC Key Developments

HCP Inc. Closes $205 Million Mezzanine Loan Facility for Tandem Health

HCP Inc. announced it has closed a mezzanine loan facility to lend up to $205 million to Tandem Health Care, Inc. The deal is part of the recapitalization of a post-acute/skilled nursing portfolio. HCP funded the first $100 million at closing on July 31 and expects to fund an additional $105 million between March and August of next year. The second portion will be used to repay debt senior to HCP's loan. The loan is subordinate to $400 million in senior mortgage debt and $137 million in senior mezzanine debt. Including fees received at closing, the loan has a blended yield to maturity of about 13% and a term of up to 63 months.

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Recent Private Companies Transactions

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