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Fieldhome will enter into an agreement with Personal Healthcare, LLC, operator of skilled nursing care and rehabilitative care facilities in New York and Massachusetts.
Subject to regulatory approvals by the state Department of Health, the transition to new ownership is expected to be completed by the end of 2016 with no disruption in services or displacement of residents.
Until the transaction is approved, Fieldhome will continue to manage each of the facilities and will assure continuity of services and care.
The Fieldhome Boards’ decision to take this direction was carefully considered after an extensive business analysis and financial feasibility study.
The current and projected changes to the healthcare system have led to the conclusion that the campus is better served if sold to a larger network rather than remain an independent stand-alone organization.
“We are confident that Personal Healthcare and its owners represent values that are consistent with Fieldhome’s culture of dignity and respect as they share our mission, values and ethics,” said John Ahearn, Fieldhome’s Chief Executive Officer.
With the sale of Field Home-Holy Comforter, a 127-bed skilled nursing facility; The Seabury, an 85-bed assisted living facility; a 30-slot adult day care center and a 30-slot child day care center, Fieldhome will continue serving the elderly through the operation of its foundation, Field Hall Foundation.
As of the closing of the transaction, the foundation will maintain a presence on the campus.
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