(October 1, 2024) – Today, EveryAge announced it has completed the acquisition of Providence Place, an existing not-for-profit retirement community as well as two adjacent commercial properties. Providence Place retirement community is located on 27.2 acres in High Point, NC, approximately 10 miles from EveryAge’s Piedmont Crossing community in Thomasville, NC.
On August 1, 2024, EveryAge entered into an asset purchase agreement for the acquisition. Providence Place currently operates and will continue to operate 160 independent living rental units, 90 assisted living beds, and 129 skilled nursing beds. The commercial properties that are part of the acquisition continue to provide leasable space to outside businesses.
“The addition of the Providence Place retirement community to the EveryAge family of communities and programs allows for the expansion of our mission, achievement of economic benefits through scale, and ultimately the enhancement of how we meet the needs of the people served. Providence Place was founded by First Wesleyan Church in 1978, and EveryAge is committed to their original vision of providing living options for seniors in a caring, Christian environment,” shared Ms. Lee Syria, EveryAge President and CEO.
EveryAge is working with the team at Providence Place to ensure a seamless transition. The goal is to continue to provide services to residents and to support and encourage employees. Active recruitment is underway for an Executive Director; Aimee Reimann, EveryAge’s Chief Operating Officer, will step into this role temporarily. With the addition of Providence Place, EveryAge will now operate 1,335 senior living units across four communities in North Carolina and southeastern Virginia.