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Diakon to combine senior living operations with Lutheran Senior Services

Diakon, a Lutheran organization that offers a range of senior lifestyle and healthcare services as well as services for children, families, and adult individuals, has entered into an agreement to combine its senior living operations with Lutheran Senior Services.

Lutheran Senior Services is a mission-driven, nonprofit network based in Missouri that specializes in housing, care and supportive services for older adults.

The decision to enter into an agreement was “strategic” for both organizations, according to Scott Habecker, Diakon president and CEO.

“It helps create a larger senior living business with an even greater ability to serve residents and provide workforce opportunities in the future while also allowing Diakon to focus our resources on the growth of our diversified portfolio of affordable senior housing and children and family services,” Habecker said in a statement.

Under terms of the agreement, announced March 27, Diakon’s senior living operations and four life plan communities will become part of Lutheran Senior Services, bringing together Diakon Senior Living’s nearly 700 team members and 1,300 residents with 2,800 Lutheran Senior Services team members and 4,000 residents.

Diakon Senior Living and Housing Services operates seven senior living and housing communities in Topton, Lewisburg, Carlisle, Allentown, Scranton and Frostburg, Md.

The transaction is pending regulatory approvals, and is expected to be completed sometime this summer, according to a press release.

“Dynamics in senior living are changing rapidly and provider organizations must adapt and evolve to ensure the best for those we serve,” Adam Marles, Lutheran Senior Services president and CEO, said in a statement. “This step does that while also creating additional scale and will enable Lutheran Senior Services to compete for talent, add specialty positions, create career opportunities for our team, increase our purchasing/negotiating power — and so much more.”

Once completed, Lutheran Senior Services will become the 12th largest nonprofit senior living organization in the country with annual revenues of nearly $350 million and offering 12 life plan, one assisted living, and nine senior affordable housing communities and home-based services in Missouri, Illinois and Pennsylvania.

“We were fortunate to have found a like-minded partner in Diakon. They are a strong operator in senior living with scale in their region, a shared emphasis on quality care, a similar people-centric culture and a strong BBB+ financial rating,” Marles added.

In addition to its senior living and housing communities, Diakon Child, Family, and Community Ministries has locations in Pottsville, Schuylkill Haven, Topton, Allentown, Boiling Springs, Columbia, Lewisburg, Mahanoy City, Mechanicsburg, Media, Montoursville, New Bloomfield, Shenandoah, Tremont, Williamsport, and York.

Diakon said it expects to continue investing heavily in its child and family services and expanding its existing portfolio of affordable housing for seniors. Diakon will also continue to offer services to seniors through various Diakon Community Services programs such as senior centers, health and community wellness activities, Meals on Wheels and more.

Source: Berkshire mont

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