University General Health System, Inc., a diversified, integrated multi-specialty health care delivery system, today announced the refinancing of two senior living facilities owned by UGHS Senior Living, Inc., a wholly-owned subsidiary of University General Health System, Inc. Trinity Hills, an 87-unit senior living community in Knoxville, Tennessee, and Trinity Shores, a 63-unit senior living community in Port Lavaca, Texas, have both recently been refinanced with their existing lenders for an additional eighteen months.

“These facilities were built and opened in the summer of 2007 under construction and mini-permanent loan agreements,” stated Hassan Chahadeh, MD, Chairman and Chief Executive Officer of University General Health System, Inc. “Both of these senior living communities have provided outstanding care to their residents and have performed well from a financial perspective over the past five years, and we are pleased with their continued success. Occupancy rates have remained very strong during the last two years. The refinancing of these senior living communities continues to reflect the Company’s improving balance sheet. With the refinancing now complete, we can explore the opportunities for a long-term permanent loan.”

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