5 Star Senior Dwelling has begun notifying states that it intends to shut its expert nursing items at a number of long-term care services across the nation.
Bloomington, IN-based Meadowood Senior Dwelling will shut its healthcare unit over the course of the subsequent a number of weeks, in response to a notification despatched by the ability’s proprietor, 5 Star, to the state final week. The agency stated that just about 90 staff can be affected, with layoffs set to start Might 1.
Equally, Calusa Harbour Senior Dwelling Facility in Ft. Myers, FL quickly will lay off 79 staff because it closes its skilled nursing unit, and roughly 67 staff at Louisville, KY, senior dwelling group The Discussion board at Brookside can be let go between Might 1 and July 5 as this group does the identical, in response to native media reviews.
Earlier this month, Newton, MA-based Five Star announced that it might exit the expert nursing enterprise utterly and shift its focus to bigger senior dwelling communities. As of Dec. 31, 5 Star operated 37 CCRCs and 9 expert nursing services, in response to an organization submitting with the Securities and Alternate Fee.
“We consider that this shift in our focus is important to the long run success of 5 Star and higher positions us to develop our senior dwelling administration enterprise and proceed to diversify income sources sooner or later,” 5 Star President and CEO Katherine “Katie” Potter stated in an announcement earlier this month. “Extra particularly, the implementation of this new strategic plan will showcase the operational strengths of 5 Star to present and potential companions and prospects sooner or later.”