Friday, July 01, 2011
Covenant Methodist Senior Services Announces Name Change
CHICAGO, IL January 7, 2011.
United Methodist Homes & Services (UMH&S) and Covenant
Retirement Communities (CRC) announced today that the two
organizations have completed their agreement to amicably dissolve
the Covenant Methodist Senior Services joint venture. This
agreement allows each organization to focus on its existing
businesses and to pursue growth in its respective core industry of
expertise.
At the same time of the dissolution, both organizations are
pleased to announce the formation of Chicagoland Methodist Senior Services, owned
and operated by UMH&S. Chicagoland Methodist Senior Services
(CMSS) will provide an array of services on the north side of
Chicago.
"Today begins the next phase in CMSS's role as the most
extensive network of senior care services on Chicago's north side.
We believe there is a need for the continued unification of senior
service and an opportunity to expand existing services at the same
time," said Bill Lowe, UMH&S and CMSS President. "Further, we
are pleased that the initial joint venture with CRC set the stage
to bring together a continuum of services which allows CMSS to
expand and to be successful." CMSS will provide an array of
services, including skilled nursing and rehabilitation, housing,
assisted and supportive living, home care and home maintenance.
Covenant Methodist Senior Services was initially formed as a
partnership with equal ownership by UMH&S and CRC. The primary
purpose for the formation of the partnership was to present a
unified approach to serving seniors on the north side of Chicago.
UMH&S intends to expand rehab services at The Methodist Home.
CRC chose not to participate in this expansion and the partnership
was dissolved.
Covenant Home of Chicago remains under ownership of CRC. CMSS
will continue to provide management of Covenant Home, providing
assisted and supportive living services. This continued affiliation
between CRC and CMSS ensures that a continuum of services is
readily available to seniors on the north side.
CRC's President, Rick Fisk said, "Our joint venture has achieved
great success in bringing together the ministry of two
organizations who have served Chicago seniors for more than a
century. The new Chicagoland Methodist Senior Services is an
excellent example of a quality initiative to meet the needs of
seniors in the community at large."
For more information about Chicagoland Methodist Senior Services, contact
Bill Lowe at 773-596-2300.