Acts Retirement-Life Communities Announces Affiliation Agreement with Integrace
WEST POINT, Pa., Jan. 28, 2019
WEST POINT, Pa., Jan. 28, 2019 /PRNewswire/ -- Acts Retirement-Life Communities, one of the nation's largest not-for-profit senior living organizations, has entered into an agreement to affiliate with Integrace and assume management and operation of its four senior living communities located throughout Maryland. The affiliation is expected to close on May 1, 2019, at which time Integrace and its current entities will become affiliated with Acts.
Founded in 1974, Integrace is a not-for-profit system of retirement communities consisting of Bayleigh Chase in Easton; Buckingham's Choice in Adamstown; Fairhaven in Sykesville; and Copper Ridge in Sykesville, along with an industry renowned research institute, The Integrace Institute. Collectively, the four communities are home to approximately 1,080 residents and provide a continuum of services including independent living, assisted living, skilled nursing, short-term rehabilitation and specialized programming for Alzheimer's Disease, dementia and other types of neurocognitive disorders.
"Our affiliation with Integrace is an exciting opportunity for Acts as our organizations share a common mission, values and desire to enrich the lives of seniors," said Gerald T. Grant, Acts President and CEO. "We are excited to welcome Integrace into the Acts family, further strengthening both organizations and helping to secure a positive future for all the residents and staff under our care."
With the affiliation, Acts will be expanding its presence in Maryland, where it operates another senior living community, Heron Point of Chestertown. Acts is one of the strongest companies of its kind among not-for-profit senior living providers with assets of $1.5 billion and maintains an A- rating from Fitch Ratings. Upon regulatory approval of the affiliation, Acts will manage a network of 27 faith-based senior living communities in nine states totaling 9,504 units, maintaining its status as the third largest multi-site senior living organization according to the LeadingAge Ziegler listing of the nation's not-for-profit aging services providers. The Acts communities are located in Pennsylvania, New Jersey, Delaware, Maryland, North Carolina, South Carolina, Georgia, Alabama and Florida.
"We are delighted to be joining forces with Acts, which is one of the industry's premier senior living organization's that throughout its history has demonstrated a strong commitment to residents and employees," said Jackie Harris, Integrace President and CEO. "We believe that our faith-based organizations blend very well, and that our affiliation will contribute greatly to the continued excellent lifestyle and care for residents and growth experience for employees."
Headquartered in suburban Philadelphia, Acts Retirement-Life Communities is the nation's largest not-for-profit owner, operator and developer of senior living continuing care retirement communities (CCRCs), with a family of 23 communities in nine states serving approximately 10,000 residents and employing nearly 7,000 people. All Acts communities are accredited by CARF International for meeting the industry's highest operational and financial standards.
For more information, please visit: ActsRetirement.org.
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SOURCE Acts Retirement-Life Communities