merger & acquisition

Arbor Glen Senior Living Community Acquired by LCS

Re-launches as the New Laurel Circle

Arbor Glen, a Bridgewater-based full service, non-profit senior living community, announced its acquisition by LCS, a provider of high-quality senior lifestyle products and services, marking its official re-launch as the new Laurel Circle.  Offering the community newfound financial security, LCS and its partners will also invest $8 million, over several years, for capital improvements to significantly enhance the experience of its residents through an array of improved lifestyle programming and healthcare services and major property renovations.  LCS Real Estate facilitated the transaction and Life Care Services, an LCS Company, will provide management services.

The transition from Arbor Glen to Laurel Circle represents the start of a new chapter for the community.  Life Care Services, the third largest manager of full-service senior living communities in the country managing more than 130 communities nationwide, will take Laurel Circle to an even higher level for its residents.  Beginning immediately, Laurel Circle leadership and the LCS development team will collaborate to build a strategic plan and execution timeline that will be rolled out over the next few years to offer its residents unparalleled advantages in all aspects of their quality of life.

“Becoming part of Life Care Services will enable us to offer residents the benefit of its proven track record as one of the country’s premier senior living management partners,” said Felix Rosenwasser, CEO of Laurel Circle. “The new Laurel Circle will combine Life Care Services’ proven world-class lifestyle and healthcare services with our distinct culture built on our traditional Quaker values.”

Laurel Circle is a true life plan community in a convenient, accessible location offering a wellness-focused, engaged lifestyle with a welcoming culture of acceptance – all backed by stable, experienced ownership.  The property is nestled on 23 wooded acres and has 299 total units consisting of 183 independent living apartments, 19 independent living villas, 23 assisted living units, 10 memory care units, and 64 beds of skilled nursing.

“Arbor Glen is a strong community with great potential,” said Joel Nelson, president and CEO of LCS.  “We look forward to watching Laurel Circle prosper supported by its new fiscally strong ownership that will enable it to optimally serve its current and future residents, alike.”

Life Care Services, established in 1971, provides management services to over 130 communities serving more than 35,000 seniors.

The community will soon implement several program enhancements, including HealthyLife™ Services, and the LifeSTYLE Promise™ focusing on wellness as well as choice, flexibility and control for residents.   The shorter-term health care service program enhancements will be kicked off by the addition of the LCS signature Heartfelt CONNECTIONS – A Memory Care Program® that is an individualized program created to reduce anxiety and increase safety and well-being by focusing on social interactions and familiar daily activities.

A pending partnership with The National Institute for Fitness and Sport (NIFS) will secure an arrangement for its fitness professionals to oversee the Laurel Circle fitness programs.  NIFS is a non-profit organization dedicated to enhancing human health, physical fitness and athletic performance through research, education and service for people of all ages and abilities.

Life Care Services looks to continue the reputation that the community has already established.  Nearly 90% of its managed health centers have earned a 4- or 5- star rating. Only 10% of all providers per state receive a 5-star rating from the Centers for Medicare and Medicaid Services (CMS).

Property renovations within key areas of the community will be among the initial moves. For example, the Wellness and Fitness Area will be renovated and expanded and the Health Center in the assisted living and nursing areas will be renovated.  Building and exterior infrastructure repairs and upgrades include replacing of windows, upgrading elevator cabinets, and landscaping improvements, to mention a few.

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