Five Star Senior Living has begun notifying states that it intends to close its skilled nursing units at several long-term care facilities around the country.
Bloomington, IN-based Meadowood Senior Living will close its healthcare unit over the course of the next several weeks, according to a notification sent by the facility’s owner, Five Star, to the state last week. The firm said that almost 90 employees will be affected, with layoffs set to begin May 1.
Similarly, Calusa Harbour Senior Living Facility in Ft. Myers, FL soon will lay off 79 employees as it closes its skilled nursing unit, and approximately 67 employees at Louisville, KY, senior living community The Forum at Brookside will be let go between May 1 and July 5 as this community does the same, according to local media reports.
Earlier this month, Newton, MA-based Five Star announced that it would exit the skilled nursing business completely and shift its focus to larger senior living communities. As of Dec. 31, Five Star operated 37 CCRCs and nine skilled nursing facilities, according to a company filing with the Securities and Exchange Commission.
“We believe that this shift in our focus is critical to the future success of Five Star and better positions us to expand our senior living management business and continue to diversify revenue sources in the future,” Five Star President and CEO Katherine “Katie” Potter said in a statement earlier this month. “More specifically, the implementation of this new strategic plan will showcase the operational strengths of Five Star to current and potential partners and customers in the future.”