Navigation Links
TrinityCare Senior Living Announces Funding Agreement for Fourth Senior Living Facility
Date:6/24/2009

TRINITY TERRACE TO OPEN NEXT SPRING IN HOUSTON METROPOLITAN AREA

FRIENDSWOOD, Texas, June 24 /PRNewswire-FirstCall/ -- TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which develops, manages and owns faith-based senior living facilities, today announced the execution of a funding agreement with a national lender for the development of a new senior living facility in the Houston, Texas metropolitan area. Funding for Trinity Terrace, an 87-unit, $10 million senior living facility in Pearland, Texas, should be available under the agreement this summer, with completion of construction anticipated by spring 2010.

"Partnering with the financial strength and expertise of this national lender and its significant relationships with HUD/LEAN process will play a key role in allowing us to achieve our expansion goals for 2009," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "We are very pleased to be working with the multi-family financing division at this lender and have great confidence in their ability to provide the funding for our fourth senior living facility. We expect funding agreements for additional new facilities to be announced in the next several weeks."

"Trinity Terrace will represent our second senior living facility in Pearland, Texas, a city in the Houston metropolitan area that has experienced rapid population growth in recent years," continued Sapaugh. "Our highly successful initial facility in Pearland, Trinity Oaks, has a waiting list of prospective new residents and enjoys strong support from churches and other community organizations in the Pearland area."

About TrinityCare Senior Living, Inc.

TrinityCare Senior Living ("TrinityCare") develops, owns, and manages quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. The Company partners with local churches and developers for each facility and offers a wide range of both community and personal services to residents. TrinityCare is a rapidly growing company with three successful facilities currently operating in Texas and Tennessee. Near-term expansion plans target the Southeastern part of the United States. For more information please visit www.trinitycare.com.

TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common stock trades on the OTC Bulletin Board under the symbol "TCSR".

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.


'/>"/>
SOURCE TrinityCare Senior Living, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. TrinityCare Senior Living, Inc. Changes Fiscal Year End to December 31st
2. TrinityCare Senior Living Trading Under New Symbol TCSR
3. TrinityCare Appoints Decorated Christian Artist Al Denson to Board of Directors
4. TrinityCare Appoints Kirk B. Shulke, M.D. to Board of Directors
5. TrinityCare Senior Living, Inc. Retains RJ Falkner & Company, Inc. as Investor Relations Counsel
6. TrinityCare Senior Living to Present at Southwest Investment Association Conference on April 25, 2009
7. National Radio Program to Expand Awareness of TrinityCares Unique Approach to Senior Adult Care
8. TrinityCare Senior Living, Inc. Announces First Quarter Operating Results
9. Oral Health a Matter of Life and Death for Seniors
10. Mylan Commences Tender Offers and Consent Solicitations for Its 5.750% Senior Notes Due 2010 and 6.375% Senior Notes Due 2015 in Connection With Its Proposed Acquisition of Mercks Generic Pharmaceutical Business
11. Lutheran Senior Services Partners with Silverchair Learning Systems to Enhance Employee Training and Education
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/18/2017)... ... January 18, 2017 , ... Michael J. Hennessy Associates, Inc., ... Center for Biosimilars, announced Michael J. Hennessy Associates, Inc. President Michael J. Hennessy, ... biosimilars through thought leader interaction in, live video and interactive digital platforms. , ...
(Date:1/17/2017)... ... January 17, 2017 , ... January is National Stalking Awareness Month (NSAM), now ... in the corners and commit the crime of stalking, a very real danger to many ... often overlooked factor in stalking and other crimes. , “Stalking: know it. Name it. Stop ...
(Date:1/17/2017)... ... 17, 2017 , ... Today, to help those who are ... uplifting interview with medical expert and prolific author, Dr. Bernie Siegel. ... times, Dr. Bernie Siegel energizes listeners to live life with intrigue, magic and ...
(Date:1/17/2017)... (PRWEB) , ... January 17, 2017 , ... ... a new 21st century approach to infusing high speed technology into the fabric ... exclusively dedicated to the advancement of healthcare and wellness in a yet-to-be-named, health ...
(Date:1/17/2017)... ... January 17, 2017 , ... ... will lecture to primary eye care practitioners on the latest breakthroughs in the ... 13th Semi-Annual Continuing Education Symposium, according to eye surgeon, Jeffrey Martin, MD, FACS, ...
Breaking Medicine News(10 mins):
(Date:1/18/2017)... DUBLIN , Jan 18, 2017 Research ... Nausea and Vomiting Drugs Market 2017-2021" report to their offering. ... The global ... the period 2017-2021. Global Thoracic Surgery Market 2017-2021, ... from industry experts. The report covers the market landscape and its ...
(Date:1/18/2017)... SHANGHAI , Jan. 18, 2017 In ... of revolution, which is where the Upgrade of ... year of the 13th Five-Year Plan for Economic and Social ... (the 13th Five-Year Plan), and the state council of ... the "13th Five-Year" national strategic emerging industry development plan, identifying ...
(Date:1/18/2017)... Ximbio, a non-profit online one-stop-shop for the global ... first North American headquarters in Kendall Square, Cambridge, ... ... launch in October 2014 as a business unit of UK- ... the foundation Cancer Research UK. Ximbio.com allows scientists ...
Breaking Medicine Technology: