Post Acute Partners Closes on Purchase of ElderWood Senior Care

WILLIAMSVILLE, N.Y., July 29, 2013 /PRNewswire/ -- Post Acute Partners, a New York City-based health-care services company operating in four states, today announced the formal acquisition of substantially all of ElderWood Senior Care.

The purchase of the Buffalo-based senior care company owned by the Chur family includes nine skilled-nursing facilities, six assisted-living residences, two independent living communities, and an institutional pharmacy.

Carol and Robert M. Chur started ElderWood in 1978 with one facility in Williamsville and developed it into today's multi-level senior-care company. ElderWood Senior Care's 19 facilities located in Western and Central New York  employ more than 2,900 people and cared for 5,000 patients and residents annually. The company's facilities won several national quality care awards in recent years.

As part of the transaction, Post Acute Partners is contributing $100,000 to a charity in honor of the Chur family and its contributions to the community.

Dr. Jeffrey Rubin and Warren Cole founded Post Acute Partners in 2010. Post Acute's mission is to be a state-of-the-art, fully integrated provider with significant regional concentrations. Post Acute currently operates in New York, Rhode Island, Pennsylvania and Massachusetts.

"The post-acute level of care is changing. It has become extremely sophisticated and quality driven," Cole said. "As we grow our company, we seek to acquire only best-in-class companies. ElderWood is one such company. This acquisition positions Post Acute Partners to become the largest and most fully integrated provider in upstate New York."

"We are hands-on health-care providers," Dr. Rubin added. "To deliver quality, we require a work force that is well trained and dedicated to superior customer service and clinical outcomes. ElderWood possesses these qualities."

"The longevity of the workforce is the longest we have ever encountered. In health care, that matters. And it shows up in their excellent outcome data. We are proud to continue on with this legacy," Dr. Rubin said.

Post Acute Partners, which plans to keep the ElderWood name, seeks to acquire geographically concentrated portfolios with great local reputations. They then work with the predecessors, staff, state regulators, referral sources, and local communities to nurture the local character of these portfolios, while introducing top-flight operational techniques and technology.  Since 2010, Post Acute Partners acquired and developed five pediatric specialty hospitals in Pennsylvania; two other skilled-nursing facilities in Rhode Island; a home-care agency and an institutional pharmacy, both in Massachusetts.

For further information go to www.postacute.com.

The Chur family will retain two assisted living residences.  Effective today, ElderWood Assisted Living at Penfield and ElderWood Assisted Living at Heathwood are renamed Heathwood Assisted Living.

Chur and his daughter, Carla Suero, will continue to operate these two residences. Other than new signs and a new logo, the facility ownership and management will remain the same.

For more information, go to www.heathwoodassistedliving.com.

More about ElderWood Senior Care
ElderWood Senior Care is a leader in long-term care, providing skilled nursing since 1978. Today, ElderWood provides skilled nursing, sub-acute care, rehabilitation, memory care, assisted living and independent living to more than 5,000 people each year at 17 locations in western and central New York. ElderWood employs more than 2,500.  www.elderwood.com.

More About Post Acute Partners
Post Acute Partners is a New York-based owner-operator of post-acute health care facilities. Our mission is to be the premiere provider along the entire post acute continuum, from pediatrics to seniors, from assisted living to skilled nursing to long term acute care.  Post Acute Partners invests across the continuum of post-acute health care facilities, primarily in skilled nursing facilities, as well as long term acute care hospitals, assisted living facilities, and inpatient rehabilitation facilities; and ancillary service businesses, such as home health agencies and institutional pharmacies.  Visit  www.postacute.com for more information. 

More About Heathwood Assisted Living
ElderWood Assisted Living at Penfield and ElderWood Assisted Living at Heathwood became Heathwood Assisted Living. The company that operated ElderWood Assisted Living at Penfield sold substantially all of its facilities, residences and services except for these two assisted living residences. Robert M. Chur still owns Heathwood. He and his daughter Carla Suero are going to continue to operate the two residences just as they always have. Other than a new sign and a new logo, current residents will not see or feel anything different.  The staff and the quality of care will not change. When Chur started his business 35 years ago, his first residence was known as Heathwood Health Care Center.   www.heathwoodassistedliving.com.

SOURCE ElderWood Senior Care