mDC Personnel Information

Winston Porter

Mr. Porter, founder and President of Medical Development Corp, has developed, managed, and owned numerous health care properties throughout the Southeast. He was one of the founders of the "NIC Conference" on senior housing, which later developed into the National Center for Senior Housing & Care Industry. Today, NIC is the leading authority for senior statistical information in the United States.

In addition to senior housing, Mr. Porter has also been involved in the development of several award winning Hilton and Marriott hotels. His expertise allows him to bring the aspect of high quality hospitality into his senior housing communities. Mr. Porter is a non-practicing CPA, and began his career with Coopers and Lybrand.

He earned two Bachelor of Science degrees from Duke University and an MBA from the University of North Carolina.

Allen Porter

Mr. Porter has developed, managed, and overseen several senior housing facilities in the southeast during his tenure with Medical Development Corporation. He is the founder and Managing Director of The Senior Living Foundation, Inc., a non-profit organization dedicated to developing senior programs throughout the United States.

He graduated with a Bachelor of Science in Economics from Duke University and has an MBA from Emory’s Goizueta School of Business. He holds a certificate in Assisted Living from the MIT Center for Real Estate.

Richard L Soehner

Richard (Rich) Soehner started his career in 1990 with Central Park Lodges, Inc., a Florida based organization specializing in Long Term Care and Assisted Living communities. Mr. Soehner has been listed as the top nursing home administrator in Florida out 700+ nursing homes. As a Healthcare Professional, Mr. Soehner has over twenty successful years of Administrative and Management experience.

He has proven to be knowledgeable of the full continuum of care having worked with Retirement Communities, Home Health, Out Patient Rehabilitation, Wellness Centers, Assisted Living, Skilled Nursing, and Facility Start-ups. Mr. Soehner has the ability to successfully turn a poorly operated facility into a profitable business. Mr. Soehner also serves as an expert witness in defense of Long Term Care facilities throughout Florida.

Bill Barbin

Mr. Barbin, Chief Financial Officer, has 30 years of experience, including accounting, financing, legal, cash forecasting, budgeting, feasibility, development, acquisition and asset management of healthcare, apartment, shopping centers and various other real estate properties. Mr. Barbin was formerly Executive Vice President, Chief Financial Officer, Senior Vice President of Development and Construction and Senior Vice President of Affiliated Companies for Life Care Centers of America.

He was also a consultant and President and Vice President of Hallmark Homes and Hallmark Capital Holding Corporation, as well as Senior Vice President and Chief Financial Officer of Consolidated Resources Corporation of America. He has been an auditor for Rouse Company and Arthur Andersen & Company. Mr. Barbin is a CPA and holds a Bachelor of Science degree from Penn State University.

Ellin McCabe

Ms. McCabe has over 20 years experience working for the largest owners and managers of real estate in the United States. She has assisted with the investment management team in of a $350 million luxury hotel portfolio and been responsible for analyzing monthly operating statements, assisting in the preparation and maintenance of annual operating budgets, property taxes, and competitive market summaries throughout the southeast.

In her previous role with Cushman and Wakefield, she was responsible for the administrative, financial and training of property managers, building administrators and corporate Management Services employees. Ms. McCabe was also responsible for developing and implementing national lease administration programs for two large property management firms; Compass Retail and Parthenon Realty.

Michael Denney

Michael Denney started his career in 1984 with Life Care Centers of America, serving as Administrator of nursing and assisted living facilities in Sebring, Florida, Thomasville, Georgia, Payson, Arizona and in 1990 moved to Crossville, Tennessee where he currently resides. These properties included a 100 percent private -pay facility, a sub-acute facility and a 60-bed addition to the Crossville property as well as numerous renovations. In 1996 and 1997 Crossville was awarded the "Lowest Turnover" award and in 1998 won the "Eastern" Division facility of the year with Life Care out of 70 properties.

In 1999 he formed a Management Company which manages the Crossville property, WyndRidge Health and Rehabilitation Center. He earned his Bachelor of Science degree in 1984 at the University of Alabama in Tuscaloosa and currently manages senior housing properties with MDC.

Mary Jim Evans

Mary Jim Evans serves as the construction supervisor for Medical Development Corp through a consulting role. She has spent over 20 years practicing design and construction, while developing the expertise to find solutions for complex construction issues in commercial real estate. Backed by a Master’s in Architecture, her career spans general construction, real estate development, dispute resolution and sustainability.

Ms. Evans’s direct construction management experience includes core property types: multi- family, hospitality, retail, office and historic renovation. Additionally, she has provided expert construction management review, analysis, and evaluation for a diverse range of disputed projects, including multi-family, commercial, hospitality, convention center, airport, courthouse and industrial facilities. She has delivered the expert analysis to successfully defend schedule claims, labor claims and equipment claims, as well as change order reviews that have saved Owners millions of dollars.

 

MDC Company History

 

Medical Development Corporation (“MDC”) specializes in the development and management of senior housing and healthcare products. The Atlanta based company was established in 1990 and has been active in the long term care and senior retirement housing sector for the last eighteen years. Its founder and Principal, Winston A. Porter, previously established Healthcorp Development Company in 1981, which likewise specialized in long term care development. Healthcorp was merged into Consolidated Resource Corporation of America, at the time the largest syndicator of senior living and nursing home properties in the country where Mr. Porter assumed the role of Vice President and Director of Acquisitions.

Mr. Porter later left and formed another predecessor company, Healthcare Concepts, Inc. (“HCI”), which specialized in asset management, financing and consulting for the senior housing debt industry. HCI coestablished the National Investment Conference (“NIC”) which today is the largest conference in the country focusing on senior housing finance. Mr. Porter eventually sold his interest in HCI and formed Medical Development Corporation. MDC and its predecessor companies have developed close to 1000 senior residential, assisted living and nursing home units with a valuation of approximately $105 million. Today the company is affiliated, owns, developed, and/or manages numerous types of senior housing facilities in addition to an Outpatient Rehabilitation Clinic in Georgia, Alabama, Tennessee and Florida. Likewise, MDC has codeveloped, owns, or is affiliated with five independent restaurants and four hotel venues flagged with Hilton and Marriott brands in the city of Atlanta.