United Health Services, Inc.

USDA B&I Nursing Home Loan Success Story

 
 

Loan Details:

  • 1st Mortgage:
  • $4,072,940
  • Term: 29 years
  • Jobs: 79

Purpose:

History:

In 1980, Mike Thomas made his first loan to PruittHealth for their facility in Baldwin, Georgia. Over the years, we have arranged over 20 loans utilizing SBA, USDA (B&I), HUD and new market tax credits in excess of $80 Million to PruittHealth. These loans have been in Georgia, Florida, South Carolina and North Carolina.

Since 2003, we have purchased the guaranteed portion on all Pruitt USDA loans, cashing the lender out and paying them a handsome premium.

United Health Services, Inc. (UHS-Pruitt Corporation) is a second generation, family-owned healthcare company founded in 1968 by Neil Pruitt, Sr. Since that time this family of companies has demonstrated a steady and continuous pattern of growth. Through prudent facility acquisitions, leases and related ancillary service expansion, the company's family of providers has expanded significantly. As of today, the Company is a vertically and horizontally integrated regional health care system which owns and operates 92 skilled nursing facilities, 5 assisted living facilities, 21 hospice agencies, 11 home health agencies, a rehabilitation company, a medical supply company, 4 institutional and 1 retail pharmacy. The organization currently employs 15,000 people who provide daily services to 25,000 patients across four states.