SOURCE: Ziegler


December 12, 2011 18:08 ET

Ziegler Closes $7 Million Financing for Total Longterm Care, Inc.

CHICAGO, IL--(Marketwire - Dec 12, 2011) - Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $7,000,000 fixed-rate tax-exempt bond issue for Total Longterm Care, Inc. (TLC). TLC was formed in December 1989 to establish Colorado's first Program of All-inclusive Care for the Elderly (PACE). TLC began its PACE operations with one location in Denver and has grown to five centers serving the entire Denver metro area in the following locations: Capitol Center (in Denver), which TLC management expects to replace with the Broadway Center (in Denver), Cody Center (in Lakewood), Chambers Center (in Aurora), Pinnacle Center (in Thornton), and Pueblo Center (in Pueblo) (collectively, the TLC Centers). The newest PACE location will be in San Bernardino, California, where land and existing buildings were just purchased.

Today, TLC has more than 1,800 participants across its five Centers. TLC is part of a family of companies, including a parent organization known as Total Community Options; affiliates provide PACE care and support services including fundraising, a PACE center in New Mexico, and an affordable housing community in Colorado. TLC is rated "BBB-" by Fitch Ratings.

PACE is an innovative system of care designed to meet the needs of nursing home-eligible individuals. PACE providers help these individuals stay in their homes and communities, rather than enter nursing homes, by combining medical care, community-based home and healthcare services, and day care programs.

The Series 2011 Bonds are being issued to: 1) finance the acquisition, construction, equipping and improvement of the Broadway Center, which will replace the leased Capitol Center; 2) fund a debt service reserve fund; and 3) pay certain expenses incurred in connection with the issuance of the Series 2011 Bonds.

As one of the nation's leading underwriters of financing for non-profit senior living providers Ziegler offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. Mary Muñoz, Managing Director in Ziegler's Senior Living practice, commented, "Total Longterm Care's leadership has proven highly adept at managing the service-intensive, capitated PACE business. We view PACE as a prototype for true person-centric care, a foundation for effective healthcare delivery. We could not be more pleased to be working with Total Longterm Care to further its PACE mission and to support the growth of PACE nationally."

For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

For more information about Ziegler, please visit us at

About Ziegler:

The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

This communication does not constitute an offer to buy these securities. The offering is made only by the Official Statement and through an appropriately registered representative. The Series 2011 Bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held, and, if sold prior to maturity, the yield received may be more or less than the yield calculated at the time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.

The corporation or its officers, directors, stockholders, or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your Financial Advisor before deciding whether to invest in these securities.

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