Diakon Lutheran Social Ministries has sold Twining Village, 280 Holland Road, Holland, to a private investment group, MED Healthcare Partners.
Diakon made the decision to sell Twining Village after careful assessment of its senior living portfolio and strategic plan, as well as the requirements for capital expenditures that plan will entail, said Mark T. Pile, Diakon president/CEO.
Diakon operates senior living communities in eight other markets of Pennsylvania and Maryland, with capital needs, he added. The sale of the village better positions the organization to continue expansion or enhancement of services in a number of those other markets.
“We believe we have selected an excellent partner in MED Healthcare to complete this transition. MED will continue the Twining Village tradition of service and care for both residents and staff members,” Pile said. “In selecting MED, we deliberately chose a senior living provider with sufficient experience, capital resources and geographic presence to enhance Twining Village’s impact on the local community.”
MED currently owns and operates another Continuing Care Retirement Community in the Philadelphia region. Associates of MED have owned and operated skilled nursing and long-term care facilities for multiple generations. Pile said MED’s expertise in skilled nursing operations is expected to prove beneficial to current and future operations at Twining Village.
“Twining Village and its staff members have played a vital role in the Diakon mission to serve people for nearly 15 years,” said Diakon CEO. “During that time, the village has provided nursing care, personal care and independent-living accommodations for thousands of people and had a significant impact on the Bucks County region. We expect that impact to continue and grow under MED.”
Meetings were held Aug. 3 and 4 with staff members and residents to introduce the new owners and begin the transition process.
Twining Village offers 155 senior independent living units, 115 personal care beds, including a 25-bed memory care unit, and 66 skilled-care beds. Since acquiring the community from a local builder/developer in 2006, Diakon made several investments, including the construction of new and renovated independent living homes and apartments; extensive renovations of common areas, including dining and lobby facilities; the development of a memory care unit; renovations in the nursing and personal care communities; and exterior refurbishment.