Greystone Healthcare Secures $29.7M Financing to Build 100,000-Square-Foot Skilled Nursing and Rehabilitation Facility in Florida

The facility covers an area of approximately 100,000 square feet, will have 180 beds, and is equipped with an advanced rehabilitation gym and dining facilities to meet the personalized needs of patients. Construction on this facility began in April 2019 and is expected to be completed in early 2021.

“As a premier operator, Greystone Healthcare has earned a strong reputation among residents in Florida,” said Randall Loggins, Senior Vice President of Senior Living and Aging Services at SunTrust. “We are proud to partner with Greystone Healthcare as they continue to expand and deliver solutions in a growing market.”

Greystone Healthcare Management, established in 2001, is a leading owner-operator of skilled nursing and home health agencies in Florida. In July 2018, its seven Greystone Health and Rehabilitation Centers in Florida were awarded the 2018 National Quality Award by the American Health Care Association (AHCA). With 28 facilities currently under its management, Greystone is committed to delivering reliable healthcare services and serves as a vital partner to the communities it supports.

Ms. Stephanie Handelson currently serves as the Chief Executive Officer of Greystone. Ms. Handelson previously served on the National Investment Center for Seniors Housing & Care (NIC) Operating Advisory Council, held three terms on the Board of Directors of Argentum, and is a member of the American Seniors Housing Association and Senior Living 100. Prior to joining Greystone, Ms. Handelson served as President and Chief Operating Officer of Benchmark Senior Living. She advocates a “person-centered” development philosophy to enhance service outcomes for both residents and businesses. Before joining Benchmark, Ms. Handelson served as Senior Vice President of East Coast Operations for a large national senior living services provider, where she oversaw more than 200 communities along the East Coast.

Greystone Healthcare currently offers four types of health services: Health Rehabilitation Center Services, Home Care Services, Personal Care Services, and Medical Management Services. Innovation, highly trained professionals, and compassionate, enthusiastic care distinguish the company from numerous other healthcare management centers.

SunTrust Banks, Inc. (NYSE: STI) is a company dedicated to delivering financial benefits to the individuals, businesses, and communities it serves. SunTrust leads the onUp movement, a national initiative inspiring Americans to build financial confidence. Headquartered in Atlanta, SunTrust Banks operates through two business segments: Consumer Banking and Wholesale Banking. As of March 31, 2019, SunTrust reported total assets of $220 billion and total deposits of $162 billion. The company offers deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital markets services.

(Compiled by Song Chenchen)