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Bridge Healthcare Finance Provides $6 Million Dip Facility For Community Elder Care, Inc., A Skilled Nursing Facility

Chicago, Ill., January 14, 2005 - Bridge Healthcare Finance today announced the completion of a $6 million revolver to Community Elder Care, Inc., a privately held skilled nursing facility headquartered in Tupelo, Mississippi. The financing was provided to replace the company’s senior lender as part of its restructuring in Chapter 11 Bankruptcy.

“We currently operate twenty facilities in three states," says Douglas Wright Jr., President and CEO of Community Elder Care. "And now, with the support of Bridge Healthcare Finance, we will be able to reach out to new areas as well as continuing to develop our current facilities while completing this important stage of our restructure.”

“Community Elder Care is the largest operator of nursing homes in the state of Mississippi and to that end an extremely important provider of health care to the people of the state,” says Randy Abrahams, President and CEO of Bridge Healthcare Finance. “We are pleased to be able to help Community Elder Care with the DIP facility and look forward to providing exit financing completing the company’s successful restructuring.”

Bridge completed the due diligence and closed the transaction within 14 days.

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