The Texas-based portfolio of 63 skilled nursing facilities managed by Regency Integrated Health Services has introduced a new brand to accompany its new nonprofit model.
The Victoria, TX-based organization now known as Wellsential Health now is the largest family of nonprofit SNFs in Texas, according to the company. It includes more than 7,000 employees and 6,000 residents and patients and provides skilled nursing services, therapy and rehabilitation, care for those with Alzheimer’s disease and other forms of dementia, hospice and palliative care, and home health services.
“While retaining the care and culture established under Regency, transitioning to a nonprofit model allows Wellsential Health to focus solely on strengthening the families and communities it cares for,” the company said in the announcement. “With access to more funding sources, including grants and donor support, the organization now continually reinvests all revenue into providing better amenities and resources, including advancements in technology, staff development, community-building efforts and more.”
The organization also announced a new mission — “provide each person within its community with the continuum of support they need to pursue better health, engage in their world and fuel their purpose”; vision — “making true wellness achievable for all”; and values: compassion, ownership, mindfulness, mastery, unity, nurturing, ingenuity, trust and young at heart.
Dwyer acquired in 2022
A portfolio of 50 SNFs managed by Regency was acquired by the Baltimore-based Jack and Nancy Dwyer Workforce Development Center in 2022 for $590 million in one of the largest publicly disclosed transactions in long-term care of that year. Jack Dwyer described the purchase to the McKnight’s Business Daily as a “monumental deal.”
DWD acquired the Regency-managed facilities from multiple owners. At the time, Dwyer said that the portfolio would transition from for-profit to not-for-profit status.
Dwyer also said that the purchase supported DWD’s mission to “end systemic poverty and address the growing workforce crisis plaguing the healthcare industry” and to “provide better outcomes for the seniors at the nursing homes and assisted living facilities” through the Dwyer Scholars program — which trains and places caregivers in facilities.
