SunTrust, Ziegler Arrange $71M Loan for Quality Life Services Expansion in Pennsylvania

BUTLER, Pa. — SunTrust has served as joint lead arranger and Ziegler as placement agent for a $71 million refinancing for Quality Life Services. The Butler-based healthcare services company will use the funds for an expansion of its communities, which include skilled nursing facilities and continuing care retirement communities (CCRC).

The first renovation project is already underway at Quality Life Services – Sugarcreek, a CCRC in Worthington. The project is slated for completion in February 2019.

When the projects are completed, all 10 of Quality Life Services’ skilled nursing facilities will be renovated and expanded. Additionally, the company will improve upon its home health and hospice divisions.