Catholic Health Agrees to Sell Three Continuing Care Facilities
January 14, 2014
In order to preserve and strengthen community-based senior care services, while responding to changes in the healthcare market, Catholic Health has agreed to sell three of its continuing care facilities to Comprehensive Healthcare Management Services, LLC. They include:
- St. Francis of Williamsville, a 142-bed skilled nursing/subacute care facility
- St. Elizabeth’s Home of Lancaster, an adult home with 117 beds
- St. Vincent’s Home of Dunkirk, an adult home with 40 beds
Together, the homes employee about 315 associates.
Catholic Health has sustained multi-million dollar losses, including a projected $3 million in 2013, since taking over the facilities in 1998.
“The current healthcare environment makes it difficult for us to continue making the needed investments that will be required to maintain these facilities,” said Mark Sullivan, executive vice president & COO for Catholic Health. “In making this decision, our goal was to position each facility so it could remain open for our residents, their families and our staff.”
New Ownership Plans to Offer Positions to Staff
Comprehensive Healthcare operates several nursing and adult homes in New York, Pennsylvania, Connecticut, Oklahoma and Missouri. The new ownership team plans to offer positions to associates affected by the sale.
“During their site visits, Comprehensive Healthcare’s leadership team was very impressed with the facilities, our staff, and the care they provide,” Sullivan added. “We believe this is good news for everyone involved and for the communities served by these facilities.”
Four Other Skilled Nursing Facilities Not Affected by Sale
Catholic Health operates four other skilled nursing facilities – Father Baker Manor in Orchard Park, Mercy Nursing Facility in Lackawanna, St. Catherine Labourè Health Care Center in Buffalo and McAuley Residence in Tonawanda – which are not affected by the sale.
“We are committed to providing long term care services in our community and will continue to make improvements in our remaining facilities to enhance care, comfort and safety,” Sullivan added. “With the changing needs of area seniors, we are also working to expand our home care, PACE and other programs to provide area families with even more options for their loved ones’ continuing care needs.”
Sale May Take Up to a Year to Complete
The sale, which was approved by Catholic Health’s Board of Directors, is subject to approval by New York State. The sale process may take up to a year to complete, during which time Catholic Health will work closely with the homes’ associates, residents and family members to maintain continuity of care, ensure a smooth transition and welcome the new owners to Western New York.
Catholic Health will also host ceremonies to mark a new chapter in the history of these facilities and to recognize their contributions to the health and residential needs of seniors in their communities.