Presby’s Inspired Life Announces Agreement of Sale with Vintage Healthcare Group Regarding the Organization’s Rehabilitation and Skilled-Nursing Community in Broomall
April 18, 2019
LAFAYETTE HILL, Pa (April 18, 2019) – Presby’s Inspired Life announces the sale of its full-service rehabilitation and long-term, skilled-nursing community, “Broomall Presbyterian Village,” located at 146 Marple Road, Broomall, to Vintage Healthcare, effective May 12, 2019.
With more than six decades of service to the greater Philadelphia region, Presby’s Inspired Life made the strategic decision to sell Broomall Presbyterian Village. The decision is aligned with an increasingly challenging landscape for non-profit, skilled-nursing home operators, which is beset with changes in reimbursement practices, wage pressures and competition for alternatives such as assisted living, acute care hospitals and home health. “Our primary focus remains the well-being of our residents and the continued trust of their families,” said Judee M. Bavaria, President and CEO of Presby’s Inspired Life. “As a for-profit entity, Vintage Healthcare has the ability to mitigate the challenges we currently face as a non-profit provider of skilled nursing community. Vintage Healthcare was carefully selected by our Board of Directors and Executive Leadership Team for their record of success as operators of skilled-nursing communities.”
The principal of Rosewood Gardens, through APEX Global Solutions, APEX Health Care Systems, his ownership in skilled nursing communities and/or ownership of Vintage Healthcare administratively, financially and/or technologically supports more than 150 skilled-nursing communities across the country – several of which are located in Pennsylvania and in greater Philadelphia. Rosewood Gardens’ mission is to keep the leadership and caregivers who are currently providing loving care in our community, but to add technological, financial, human resources, administrative, compliance support, as well as greater purchasing power and economic backing to further support our community and its residents, families, staff, and business partners. Quality patient care and customer satisfaction will remain the key focus of the community.
Broomall Presbyterian Village will be renamed Rosewood Gardens Rehabilitation and Nursing Center.
Presby’s Inspired Life will continue to uphold its mission of providing exceptional living experiences for older adults at the organization’s 36 Affordable Housing communities and three Life-Plan communities ― Rydal Park (Jenkintown, Pa), Rosemont (Rosemont, Pa) and Spring Mill (Lafayette Hill, Pa) ― serving more than 3,000 individuals 62 and better region-wide.
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