Peninsula United Methodist Homes Receives Credit Rating Upgrade from Fitch

HOCKESSIN, Del., Nov. 8, 2013 /PRNewswire-USNewswire/ -- ACTS Retirement-Life Communities announced today that Fitch Ratings services has upgraded the credit rating of its affiliate organization Peninsula United Methodist Homes, Inc. (PUMH) to 'BBB+' (from BBB) with an outlook of stable. PUMH is a Delaware-based not-for-profit owner and operator of three continuing care retirement communities (CCRCs).

According to Fitch, the positive financial health assessment of PUMH reflects the benefits realized from its affiliation with ACTS Retirement-Life Communities (revenue bonds rated 'A-' by Fitch), resulting in significantly improved financial strength, profitability, and performance. In May 2010, PUMH completed an affiliation agreement with ACTS, which assumed management, operation and control of PUMH's three CCRC campuses.

In their report, Fitch cited that PUMH has realized the operational, managerial and scale benefits from its affiliation with ACTS, one of the nation's largest not-for-profit senior living organizations with a network of 23 CCRCs in eight states throughout the east coast. Each campus includes a combination of independent living with higher levels of senior care.

"We are pleased that Fitch Ratings has again reinforced our assessment of the benefits realized through the ACTS/PUMH affiliation," said ACTS President and CEO Marvin Mashner. "We view the PUMH communities, residents and staff as an integral part of the ACTS family and we are proud of the success of this affiliation."

Founded in 1954, the PUMH organization includes a system of three communities in Delaware including Country House in Greenville; Manor House in Seaford; and Cokesbury Village in Hockessin. Collectively, these communities are home to approximately 800 residents, and each is accredited by an independent agency, CARF-CAAC, for meeting the industry's highest standards of financial stability, governance, quality of life and health care. For more information about PUMH please visit: ACTSretirement.org.

Contact: Michael Smith, 215.661.8330 x00580, [email protected]

SOURCE ACTS Retirement-Life Communities

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