P. Byron DeFoor, Co-Founder / Member of the General Partner and the ManagerTogether with Mr. O’Brien, Mr. DeFoor founded Contemporary Healthcare Senior Lien Fund I, LP in 2011, Contemporary Healthcare Construction Fund I, LLC in 2008, [Contemporary Healthcare Fund II, LLC in 2007] and Contemporary Healthcare Fund I, LP in 2006.
Mr. DeFoor has approximately 30 years of experience in a variety of businesses with particular expertise in the development of commercial real estate and residential communities. In 1976, he founded DeFoor Development, Inc., a company specializing in building and operating shopping centers, office buildings and retirement communities.
During the mid-1990s, Mr. DeFoor began investing in skilled nursing facilities and now has an ownership interest in more than 30 nursing homes and assisted living facilities in California, Florida, Georgia, Maryland, Michigan, Mississippi, Tennessee and Virginia. Grace Healthcare, LLC operates over half of the facilities, and nine of the facilities are leased to other regional nursing home operators.
Mr. DeFoor also was one of the founders of Focus Healthcare, LLC, which owned and operated four successful psychiatric, chemical dependency and behavioral treatment facilities in Delaware, Florida, Georgia and Ohio. He also founded Lighthouse Care Centers, LLC, which owned and operated five residential behavioral facilities for troubled adolescents. These facilities were sold in February 2006.
Mr. DeFoor is a graduate of the Georgia-Cumberland Academy of Seventh Day Adventists and Southern Adventist University, with a Business and Long Term Care concentration. Mr. DeFoor currently serves as a director and/or officer of the following: DeFoor Development, Inc. (President); Sunland Associates, Inc. (President); Grace Healthcare, LLC (Principal); Catoosa Investments & Associates (Managing Partner); and Adventist Alumni Achievement Foundation (Co-Chairman).
john P. O’Brien, Jr., Co-founder/ Member of the General Partner and the ManagerMr. O'Brien has over 30 years of experience in the operation, development, acquisition and financing of skilled nursing and assisted living facilities. Mr. O'Brien worked for 15 years and ultimately served as President of Life Care Centers of America, Inc., which operated over 200 facilities with revenues in excess of one billion dollars. In 1999, He joined Byron DeFoor and together they formed Grace Healthcare, which today owns and operates more than 30 skilled nursing facilities. Mr. O'Brien, has an ownership interest in 16 properties but is no longer involved in the day to day operations of the company.
In 2000, he was also one of the founding partners of Contemporary Healthcare Capital’s predecessor company, and has been active in the company’s six funds. Mr. O'Brien is currently involved in all aspects of Contemporary Healthcare Capital, and specifically participates in the underwriting and due diligence for each transaction utilizing his owner/operator background as a unique advantage to structure the financing with the borrower and assist with the credit decision.
Mr. O’Brien received his B.A. in Accounting from Southern Adventist University in May 1984 and obtained his C.P.A license in 1985.
Craig Taylor, Member of the General Partner and the ManagerCraig Taylor has 30 years of healthcare experience in acute care, long-term care, and physician group practice settings. He began his career in acute care hospitals as a CFO in hospitals owned by Hospital Corporation of America. In 1990, Mr. Taylor became Associate Administrator/Chief Financial Officer of Bradley Memorial Hospital, a 251-bed regional referral center in Cleveland, Tennessee. In his role as Associate Administrator, Mr. Taylor was the second in charge for a facility with over 1,000 employees and annual revenues in excess of $100 million. In between HCA and Bradley Memorial, Mr. Taylor served as a regional controller for Cleveland, Tennessee based Life Care Centers of America in 1987-1989 and was promoted to Chief Executive Officer for the assisted living division in late 1989 until leaving for Bradley Memorial in 1990. In addition, Mr. Taylor served as the Administrator/Chief Executive Officer for a large, multi-specialty physician group practice with over 60 physicians and 8 practice locations from 2000-2004.
Mr. Taylor joined Grace Healthcare in February 2004 to oversee acquisitions and financing opportunities for Byron DeFoor and his related entities. In his role with Grace, he arranged and closed over 50 transactions for Grace’s skilled and assisted living portfolio and helped grow the assets from eight facilities in 2004 to more than 30.
Mr. Taylor earned his B.S. degree in Accounting in 1983 from Tennessee Wesleyan College in Athens, Tennessee. He is a Certified Public Accountant licensed in Tennessee (retired).
Steve M. McGee, Director of Operations / Co-Founder / Member of the General Partner and the ManagerSteve M. McGee re-joined Contemporary Healthcare Capital in May 2015 and is responsible for loan and equity investment activities of the company’s various funds.
Prior to Contemporary, Mr. McGee was a Senior Relationship Manager at Community and Southern Bank since December 2011, where he established the Seniors Housing lending department. Prior to joining CSB, he was the Executive Vice President of PRN Capital, LLC responsible for all long-term care and seniors housing loan production. Mr. McGee co-founded Ziegler Healthcare Capital, LLC, Contemporary’s predecessor company, where he was responsible for the origination and investment activity of the original fund.
Mr. McGee has over 30 years of experience in commercial lending, with the past 28 years dedicated solely to the senior housing and long-term care industry. During those 28 years, Mr. McGee has provided long-term care operators in excess of $4 billion of debt and investment capital, and established himself as one of the industry’s leading financiers. Although the majority of Mr. McGee’s career in long-term care and seniors housing lending has been focused on senior loan origination, his experience also includes other disciplines of lending and investing including mezzanine loans, equity investments, securitizations, senior/subordinate loan participations and sale/leaseback transactions. Prior to forming Ziegler Healthcare Capital, Mr. McGee was an executive with Healthcare Financial Partners REIT, Inc., Capstone Capital Corporation and SouthTrust Bank of Alabama.
Mr. McGee received his Bachelors of Business Administration degree in Finance from Texas A&M University in 1986.