ACTS Retirement-Life Communities Announces Agreement to Affiliate with Peninsula United Methodist Homes and Heron Point of Chestertown

Not-for-profit senior living organizations form alliance; ACTS to serve more than 9,000 older adults in eight states

WEST POINT, Pa., March 4 /PRNewswire-USNewswire/ -- ACTS Retirement-Life Communities Inc., (ACTS) and the Peninsula United Methodist Homes, Inc. (PUMH) and Heron Point of Chestertown (Heron Point), today announced the signing of agreements in which PUMH and Heron Point have agreed to become affiliates of ACTS. The affiliation is expected to close on April 30 and become effective May 1.

ACTS is the nation's largest not-for-profit owner, operator and developer of CCRCs. Through a combination of organic growth and acquisitions, ACTS has grown from a single location in Fort Washington, PA in 1972, to 23 locations in eight states when the PUMH and Heron Point affiliations are completed.

Founded in 1954, PUMH is a not-for-profit company that owns and operates three CCRCs in Delaware: Methodist Country House in Greenville; Methodist Manor House in Seaford; and Cokesbury Village in Hockessin. Heron Point is in Chestertown, Maryland, and is currently managed by PUMH. Collectively the four communities are home to approximately 1,000 residents.

"An affiliation with PUMH presents a unique opportunity for ACTS to expand our market presence on the eastern seaboard in states contiguous to our current operations," said Marvin Mashner, ACTS President and Chief Executive Officer. "Our organizations share a common mission, values and a commitment to quality care, as well as a desire to reach more seniors with a very fulfilling and secure retirement lifestyle."

"We are excited to affiliate our communities with the ACTS organization, which has a proven track record of leadership, financial stability and strong operations," said William E. Holloway, Chair, PUMH Board of Trustees. Jane E. Hukill, Chair, Heron Point Board of Trustees said, "Together we intend to build upon the history of our two organizations and ACTS' well recognized brand and reputation for quality."

Headquartered in suburban Philadelphia, ACTS is one of the nation's largest not-for-profit senior living providers with a family of 19 CCRCs in six states (Pennsylvania, North and South Carolina, Georgia, Alabama, and Florida) which provide a mix of residential living, assisted living and skilled care accommodations to serve nearly 8,000 residents. ACTS campuses feature a wide range of amenities and services including multiple dining venues, a wellness center, transportation and a full calendar of social activities and events.

Websites:

ACTS Retirement-Life Communities  www.actsretirement.org

Peninsula United Methodist Homes  www.pumh.org

CONTACT: Michael Smith of ACTS Retirement-Life Communities, +1-215-661-8330 x580, [email protected]

SOURCE ACTS Retirement-Life Communities