PCP III has provided a six-year senior secured loan to the Silver Stream Healthcare Group. Silver Stream owns and manages seven nursing homes across Ireland and provides care for over three hundred residents, making it one the largest nursing home operators in Ireland. The company, which was founded in 1993 by current CEO Joe Kenny, offers an extensive range of short stay, long stay and focused care options.
The facility is used to refinance existing debt and to finance the expansion of the company.
P Capital Partners believes that Silver Stream, with its strong market position, is well positioned to continue to provide qualitative care and expand its existing operations.