Rich Scanlon

Richard Scanlon joined the senior living team at Ziegler in November 1993. He opened the firm's office in St. Petersburg, Florida, to serve the investment banking needs of non-profit senior living providers located in the southern United States.

Rich has 22 years of investment banking experience to the senior living industry. He has been responsible for the structuring of more than $2.6 billion in healthcare bond issues for non-profit senior living providers. He is able to list among his more notable financings: an investment grade rated $150.0 million issue for new project development (Shell Point Village in 1999); an innovative unrated, unenhanced structure that permitted a borrower to “opt out” of its HUD 202 requirements but still receive housing assistance payments from HUD while creating an obligated group (Magnolia Manor in 1999); a total of $682 million to finance the premier CCRCs in Texas (Edgemere/Dallas/1999; The Buckingham/Houston/2004; Querencia at Barton Creek/Austin/2005; Edgemere Phase II/Dallas/2006; The Stayton/Ft. Worth/2009; and, Mirador/Corpus Christi/2010); and, the largest financing for a “rental CCRC” repositioning completed to date ($102.8 million for North Florida Retirement Village in 2007).  Rich completed Ziegler’s first Bond Anticipation Note (“BAN”) financing for the Sears/Meadow Lake project in January 2007.

With the continued evolution, growth, and maturation of senior living providers in the south, Rich has been called upon to make available the full range of Ziegler’s resources and research specialists allowing the firm to become a key strategic partner for multi-facility providers looking to reposition themselves or expand into new markets. 

Rich is a frequent speaker on senior living finance and strategy issues on both the state and national levels. He was appointed to his third term for the Governor’s Continuing Care Advisory Council in Florida. In 2008, Rich received the Herbert Shore Leadership Award from the Coalition for Leadership in Aging Services (“CLAS” formerly “RHP”) and was a member of the CLAS Advisory Board for eight years.