Odd Fellow deal is Elderwood’s third in January
January 30, 2018
The $10 million deal for Odd Fellow & Rebekah Rehabilitation & Health Care Center gives Elderwood a second site in Niagara County, joining a facility at the other end of the county in Wheatfield.
The $10 million deal for Odd Fellow & Rebekah Rehabilitation & Health Care Center gives Elderwood a second site in Niagara County, joining a facility at the other end of the county in Wheatfield.
Just last week, the company completed the acquisition of the 82-bed Adirondack Tri-County Nursing and Rehabilitation Center Inc., now known as Elderwood at North Creek; which followed an $11.5 million sale that closed Jan. 2 for the nonprofit Lakeside Beikirch Care Center, a 120-bed residential health care facility now known as Elderwood of Lakeside at Brockport.
Elderwood at Lockport, the new name for the 126-bed Odd Fellow site, provides long-term care and skilled nursing, as well as adult medical day services, cardiac telemetry, respite care, memory care and subacute services, such as cardiac rehab, orthopedic rehab and wound care. No major changes are planned, said Dr. Jeffrey Rubin, co-CEO for Elderwood and its parent, Post Acute Care.
“We plan to leverage the excellent reputation and care provided by the staff, and will work together to enhance the services provided at the facility,” he said.
Elderwood has also added services, bringing its SMARTS Express Care program to the site. The program, developed in collaboration with local hospitals, HMOs and insurers, provides care to patient residents as an alternative to the emergency room. Elderwood’s pharmacy company, Woodmark Pharmacy, has also begun providing services at the Lockport site, as will its transportation company, which provides non-emergency general and medical wheelchair transportation in Erie and Niagara counties.
Shari Hutchison has been named as new administrator for the facility. She takes over for longtime administrator and CEO Eugene Urban, who ran Odd Fellow as a nonprofit corporation and helped broker the deal. Urban will remain involved for a transition period and will also stay involved with the Odd Fellow & Rebekah Rehab Foundation, which was the fundraising arm of the nonprofit. Both were owned and sponsored by the Independent Order of Odd Fellows.