Atlanta-based SavaSeniorCare announced Tuesday its intentions to create a more “nimble, regional organization” by transferring operations of 48 skilled nursing and assisted living facilities in eight states. The transfers are expected to be completed by the end of 2021, according to the firm.
Sava said the selloffs will help the firm prepare for the future of care post-pandemic and focus on a smaller geographic footprint. The affected landlords will be working to find successor operators with local market expertise to take the facilities, which are located in California, Colorado, Illinois, Kansas, Michigan, Mississippi, New Mexico and Wyoming. Sava did not specify how many facilities to be transferred are SNFs and how many are ALFs.
“The current state of the world brought on by the pandemic has caused us to closely examine our strategy, where we invest our resources and can achieve the greatest impact, Sava CEO Jerry Roles said in a press release. “We believe this decision will best prepare the company and our centers for the post-pandemic world, and allow us to continue our focus on our people, the residents who we are privileged to serve and our dedicated staff.”