Kettering Health Network will “transfer ownership” of Sycamore Glen Health Center nursing and rehabilitation Center in Miamisburg to a new owner, who will build a new facility in Miamisburg, network Chief Executive Fred Manchur told employees in an email sent Thursday afternoon.
“Kettering Health Network is going to transfer operational control and ownership of Sycamore Glen Health Center, a 100-bed facility that provides long- and short-term skilled nursing care and rehabilitation, to Carespring Health Care Management in mid-November,” Manchur’s email states. “Carespring, a long-standing Kettering Health Network partner, operates transitional and skilled nursing facilities in Dayton, Cincinnati and Northern Kentucky. The transfer of ownership is anticipated to close by late Quarter 1/early Quarter 2 of 2020.”
A spokesman for Kettering Health Network confirmed that Manchur authored the email and sent it Thursday afternoon.
That spokesman, James Buechele, could not immediately answer questions about whether the network’s planned “ownership transfer” would involve a sale, and if so, at what price.
Manchur added in the email that the transfer involves only Sycamore Glen Health Center, not Sycamore Glen Retirement Community. The retirement community will remain a part of Kettering Health Network, he said.
“Carespring will continue to provide care and services to Sycamore Glen Health Center’s current patients during the ownership transition,” adds the email, which the Dayton Daily News obtained. “Upon approval of the transition, Carespring will begin construction of a new, state-of-the-art facility in Miamisburg, directly across from the Sycamore Medical Center campus.”
He added that the sell of of Sycamore Glen Health Center to Carespring will “enhance the continuum of care in Montgomery County and the surrounding area.”
“Carespring provides quality and patient-centered post-acute care,” Manchur said in the email. “We will continue to partner with Carespring so that patients have access to vital skilled nursing and rehabilitation services.
The email also says: “We realize that the transition may be difficult for the affected employees, many of whom have worked for the network for a number of years. Members of Sycamore Medical Center’s Human Resources team are meeting with the employees to discuss the transition of ownership and answer questions — we will walk with them every step of the way through this transition.”
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