Continuing care retirement community Mease Life of Dunedin, FL, and Fort Washington, PA-based Acts Retirement-Life Communities have finalized their affiliation after signing a letter of intent in April to explore the possible arrangement.
“The potential affiliation with Mease Life presents a unique opportunity for Acts to expand our presence in the Florida market,” Acts CEO Gerald T. Grant said in a statement in April. “Our organizations share common values and a commitment to providing exceptional senior living experiences and services for residents.”
Under the affiliation agreement, Mease Life becomes an Acts affiliate member and part of a network of 27 CCRCs in nine states — Alabama, Delaware, Florida, Georgia, Maryland, New Jersey, North Carolina and South Carolina — across the East Coast.
Acts is the nation’s fourth-largest not-for-profit multi-site senior living and care organization per the 2023 LeadingAge Ziegler 200, with assets of $2.4 billion and an A- rating from Fitch Ratings. The company’s communities collectively serve more than 10,000 residents.
Mease Life is home to approximately 350 residents. Founded in the late 1960s, the nine-story high-rise community includes a mix of independent living, assisted living, skilled nursing and other specialty care services.
“We are delighted to be joining the Acts family, which is one of the nation’s premier senior living organizations with an over 50-year track record in senior living services,” Mease Life President and CEO Kent L. McRae said Monday. “In joining a company with the reputation, resources and financial strength of Acts, the affiliation has set us up for continued success into the future to provide exceptional senior living services that is core to our identity.”