West Point, PA-based Acts Retirement-Life Communities and The Evergreens, a continuing care retirement community in Moorestown, NJ, have affiliated.
Under the terms of the agreement, Acts will assume management and oversight of The Evergreens, which will become part of the network of Acts CCRCs.
“Integrating The Evergreens into our organization aligns with our strategic growth plans to expand our mission, and we are extremely excited to work together to make our successful organizations become even stronger,” Gerald T. Grant, Acts president and CEO, said in a statement.
The affiliation expands Acts’ senior living operations into New Jersey. The company owns and manages 23 CCRCs in nine states across the eastern seaboard of the United States, where it serves approximately 9,700 residents and employs approximately 7,000 people. The organization has assets of approximately $1.5 billion. All Acts communities are accredited by CARF International.
The Evergreens was founded in 1919 by the Episcopal Diocese of New Jersey and is home to approximately 225 residents who have access to three levels of services and care. The 32-acre campus includes 200 independent living apartment homes in addition to an on-site healthcare center for 66 assisted living residents and a 34-bed skilled nursing center. The Evergreens currently employs approximately 215 people.
“This affiliation will allow us to share resources and increase our capacity to serve older adults in the southern New Jersey region with the highest quality of care and services well into the future,” said Calvin H. Knowlton, board chairman of The Evergreens.