ORHC sells Penn Place, Sylvan Woods, Haven to Prairie Hills
Thursday, May 08, 2014
OTTUMWA — Officials at Ottumwa Regional Health Center announced today that Penn Place Retirement Center, including Sylvan Woods and The Haven, has been sold to Prairie Hills effective May 31.
Going forward, the retirement community will be known as “Prairie Hills at Penn Place.”
“Prairie Hills is solely focused on retirement communities just like Penn Place, so I am confident that they will be able to provide a level of focus and expertise that this community deserves," said Ottumwa Regional Health Center CEO Phil Noel. "Prairie Hills will be able to make appropriate capital investments to improve the community, focus on operations to improve residents' daily experience and provide a renewed emphasis using their vast expertise and resources on growing the number of residents in this community.”
Prairie Hills was founded in 2004 and following the completion of the Prairie Hills at Penn Place transaction will own and operate seven retirement communities all across Iowa. Other facilities are located in Tipton, Independence, Clinton, South Des Moines, Cedar Rapids and Prairie Hills at Ottumwa. In addition to growing through development and acquisition, the company has also increased the size of their retirement communities, adding units in Clinton, Independence and South Des Moines.
“We are excited about this opportunity to further serve the Ottumwa community. Penn Place, Sylvan Woods and The Haven have a long legacy of providing outstanding care and service to their residents and families, and we look forward to building on that tradition," Joanie McGinnis, president of Prairie Hills, said. "Over the next few weeks, we will be holding meetings with all interested residents to explain the ownership transition and what it will mean to them. During these meetings, we will be able to tell them more about our company and our exciting plans for the future of this community.
“We have owned and operated Prairie Hills at Ottumwa since 2007 and are looking forward to expanding our ability to serve the citizens of Wapello County. We are also committed to maintaining the long-standing relationship between Penn Place and Ottumwa Regional Health Center. ORHC is vital to the health and well-being of our residents at Penn Place Retirement Center, including Sylvan Woods and The Haven, and the entire southeast Iowa region."
“This transition will allow Ottumwa Regional Health Center to be solely focused on improving and expanding hospital services throughout our region. Given all the changes in health care delivery today, it is important that we all focus on our core competencies. We will continue to recruit physicians, improve services and partner with regional hospitals to increase access to a great continuum of care," Noel said.