X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAGUNA BEACH, CA-Senior Care Industries Inc.recently signed an investment agreement to sell up to$20 million of common stock, over a two-year period, under a private equity line arrangement.

“This equity line provides Senior Care with theability to issue common stock to the investorperiodically based on certain market conditions,” says John Cruickshank, SVP at Senior Care. “This equity line should provide the company with the working capital necessary to aggressively pursue future acquisitions that fit into the Senior Care family of companies and grow the company’s revenues.”

In all, Senior Care has three divisions dedicated to supporting all aspects of the senior marketplace. The housing division specializes in the development, construction and management of age-restricted senior housing, assisted living communities and commercial properties. The manufacturing division includes Noble Furniture, and the pharmaceutical division will soon include web-based health products distributors who will manufacture and sell Senior Care’s pharmaceutical products through an e-commerce pharmacy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.