Covenant Living Communities and Services, one of the nation’s largest not-for-profit senior services providers, announces the acquisition of Hillside Village Keene, a Continuing Care Retirement Community (CCRC) located in Keene, New Hampshire.
“This acquisition adds to our presence in the northeast and fits well within our overall strategic plan of organizational growth,” said Terri Cunliffe, Covenant Living president and CEO. “The addition of Hillside Village allows us to serve even more older adults in this region. We currently have a community located in Cromwell, Connecticut.”
Hillside Village opened in 2019 with 141 independent living units, 43 assisted living units, 18 assisted memory care units, and 20 nursing care suites. Its ability to achieve a healthy level of occupancy was severely interrupted by a suspension of sales and marketing in 2020 due to Covid-19. Hillside Village has faced significant financial challenges as a result and ultimately filed for a bankruptcy sale on August 30. Covenant Living will immediately begin preparing for the transaction closing, which is anticipated in January or February of 2022.
The acquisition makes Hillside Village the 15th full CCRC owned and operated by Covenant Living that offer the full continuum from independent living, assisted living, skilled care and memory care. Its communities are located in Connecticut, Florida, Michigan, Minnesota, Illinois, Oklahoma, Colorado, Washington, California, and now New Hampshire. Covenant Living also operates one stand-alone skilled nursing facility, one stand-alone assisted living community, two rental communities, and two home health agencies in Illinois and California.
Covenant Living is a ministry of the Evangelical Covenant Church and has been serving seniors since 1886. For more information, visit www.CovLiving.org.
