Garden Spot Communites, a New Holland-based senior-living provider, is extending its footprint into the Philadelphia suburbs.
- The nonprofit has agreed to affiliate with Frederick Living, a senior-living community in Montgomery County.
- Terms of the deal were not disclosed. But it is expected to close in early 2024.
- Garden Spot CEO Steve Lindsey will lead the combined organization, while Frederick Village will add “a Garden Spot Community” to its name, according to Scott Miller, Garden Spot’s chief marketing officer.
- Frederick Village CEO Michelle Rassler, who previously worked for Landis Communities, will step down.
The partners: Garden Spot operates two campuses in Lancaster County, Garden Spot Village in New Holland and Maple Farm, a skilled nursing facility in Akron
- Garden Spot has a mix of residential living (626 units), personal care (65 units), memory care (40 units) and skilled nursing (73 units), while Maple Farm has 46 skilled nursing units.
- Garden Spot also operates a home-care unit and a consultancy called ForgeWorks.
- Frederick LIving has a single campus in Zieglerville with a similar mix — 165 residential units, 159 personal care units, 31 memory care units and 32 skilled nursing units.
Why is this happening: Senior living providers have been consolidating over the last several years to gain scale and meet the challenge of rising costs.
- Willow Valley Communities, based in West Lampeter Township, announced in late 2021 that it’s partnering with a Philadelphia-area provider, Acts Retirement Services.
- This year, Dillsburg-based Presbyterian Senior Living is buying Pine Run Life Plan Community in Doylestown from its owner, Doylestown Health.
- Garden Spot explored an affiliaton last year with two other providers, Allegheny Lutheran Social Ministries in Altoona and Liberty Lutheran Services in Ambler.
- But the combination encountered last-minute complications and did not go through, Miller said.
