Media Room
 
 



 

  • Smith/Packett Med-Com, LLC and Formation Capital, LLC are pleased to announce the acquisition of 18 assisted living and memory care facilities
    December 22, 2009

    Roanoke, Virginia--- Smith/Packett Med-Com, LLC and Formation Capital, LLC are pleased to announce the acquisition of 18 assisted living and memory care facilities (1,318 total beds), all located in North Carolina.  Six of the facilities completed construction in 2007 with the majority of the facilities developed after 1997.  The properties were owned by Wakefield Capital and leased to Agemark, a fully-integrated management services company based in Hickory, North Carolina

    The new Smith/Packett–Formation Capital joint venture acquired both the fee and leasehold interest for a combined purchase price of approximately $98MM.  The facilities will be managed by the newly formed Bluebird Senior Living Management.  Bluebird Senior Living Management will be led by Deborah Petrine, Founder and CEO of Commonwealth Care of Roanoke, Charles Trefzger, founder of Agemark, and Susan Eckert, the President of Harmony Senior Services, an affiliate company of Smith/Packett.  Currently, the communities are approximately 77% occupied.

    “We are pleased to enter into this joint venture with Formation Capital, a leader in senior care and living facilities.  Arnold “Arnie” Whitman was quick to understand this transaction and the action necessary to further increase the value of the portfolio.  North Carolina is a state with fair reimbursement for assisted living and memory care residents where new development is controlled by Certificate of Need regulations,” commented James “Piet” Pietrzak, a partner of Smith/Packett.

    Arnie Whitman of Formation Capital stated, “Jim Smith and Piet put together an outstanding transaction and an exemplary team to manage the properties.  We are excited about our new joint venture and look forward to adding these facilities to our network of regional long-term and senior care providers.”

    Financing for the acquisition was provided by GE Capital.  Although the specific terms of the loan were not disclosed, both Arnie and Piet agreed that “GE Capital understood the value opportunity and was able to respond promptly as our capital partner.” 

    For more information, contact Jim Smith at 540-774-7762 or e-mail info@smithpackett.com.

  • Spring Arbor Assisted Living Facility—Hickory, NC
    June 5, 2009

    Smith/Packett Med-Com is proud to announce the acquisition of Spring Arbor Assisted Living. The premier assisted living facility located in Hickory, North Carolina provides comprehensive care for those individuals needing routine assistance with activities of daily living (“ADL’s”) and also features a secured area for memory impaired residents.

    Spring Arbor will be operated and leased by Agemark Health Services which is also based in the Hickory area. Specializing in residential care, Agemark, is the largest provider of assisted and Alzheimer’s care services in North Carolina.

    Spring Arbor Assisted Living is situated in the heart of Hickory adjacent to 29th Avenue SW. Spring Arbor is minutes away from Frye Regional Medical Center, and other leading healthcare providers.

  • Stratford Nursing and Rehabilitation Center—Danville, Virginia
    June 5, 2009
    Smith/Packett Med-Com is proud to announce the acquisition of Stratford Nursing and Rehabilitation Center (“The Stratford House”).  The well known Danville nursing facility was originally developed by founder Jim Smith of Smith/Packett. The Stratford House provides comprehensive care for those individuals needing rehabilitation, routine nursing and convalescent care.

     

    The Stratford House will be operated and leased by Saber Healthcare Group Inc., a well known senior care operator based in Ohio.

     

    The Stratford House is situated in the heart of Danville adjacent to the Danville Community Hospital. The Stratford House is only minutes away from downtown, and leading healthcare providers.

     

     

  • Retirement Community Taking Form [Abingdon, VA)
  • Hospital Opens in Stafford County
  • New Nursing Home Opens Doors [St. James Health and Rehabilitation Center]
    February 26, 2009

    New nursing home opens doors

    By Lois Swoboda for the Apalach Times periodical
    January 15, 2009 - 4:15PM

    About three dozen people were on hand Jan. 8, when the new St. James Health and Rehabilitation Center officially opened its doors to the public with a ribbon-cutting.

    The facility is located at 239 Crooked River Road, east of Carrabelle, adjacent to the St. James Bay housing development.

    "We're out here to celebrate the opening of this facility, which will provide a much needed service," said Commissioner Smokey Parrish, on hand for the ribbon-cutting. "This will increase and enhance the quality of life for a lot of people in Franklin County."

    The new facility brings nursing home services to Franklin County for the first time since August 2002, when the Bay St. George facility in Eastpoint, no relation to the current St. James facility, shut down.

    The St. James nursing home was built by Third Street Management, LLC of Hickory, NC and is one of about 40 nursing homes owned and managed by the firm.

    "We want to provide a facility not only to put the community to work, but to provide a service to the community," said Joyce Denham, vice president for strategic development for Third Street. "Many of your health professionals are driving to Tallahassee and Panama City to work. We want to bring those people back home."

    Denham said St. James will employ 125 workers when it is in full operation and will house 90 residents, making it the largest private sector employer in the county.

    Linda McCord, assistant director of nursing, said interviews for the housekeeping and dietary departments and the office and the nursing staff will begin in mid-January. She said St. James will employ around 25 Certified Nursing Assistants (CNA) and that the facility will provide in house training for CNA applicants.

    "I'll be teaching CNA classes," she said. "The program prepares them to take the certification course. Classes will be 8 a.m. to 5 p.m., five days a week for two weeks and there is no charge. We only ask that they stay and work with us for a year after they are certified."

    McCord said applications to work at St. James are available at the Chamber of Commerce offices in Carrabelle and Apalachicola. She encouraged anyone interested to apply. She said that if you have already submitted an application, it is still on file at St. James and she will begin going through existing applications this week.

     

    Truly a wonderful facility

     

    Lisa Mitchem will be the administrator overseeing the operation. Originally from Georgia, she holds a degree in behavioral and social sciences from Brewton Parker College of Mt. Vernon, GA. She said she has worked in Florida nursing homes for the last eight years and is a licensed nursing home administrator.

    Some familiar faces are already on staff at St. James. Physical therapist Tom Brocato will oversee therapy in a new state-of-the-art exercise center. He said the facility is also installing for residents a Nintendo Wii room, featuring the computer game that guides the player through sports, dance and other forms of exercise.

    "They have Wii rooms at some of their other locations and it's very popular. There's a waiting list to use the game," Brocato said.

    Dr. Stephen Miniat is medical director for St. James. "This is truly a wonderful facility. These people have brought professionalism to the facility from the ground up," said Miniat.

    Denham said St. James is also working closely with Weems Hospital. "(Weems CEO) Chuck Colvert was one of the first people I contacted when we got here. They're going to be providing a lot of services to our residents," she said.

     

    Some color, some lighting and pretty pictures make it nice

     

    The 39,000-square-foot building has two wings that share a dining facility serviced by a spacious, state of the art kitchen. The dining room is fitted with tables for four with hunter green table cloths. Brass chandeliers twinkle overhead.

    There is also a formal private dining room for eight and private dining / activity rooms on each wing. There are several comfortable lounges, some furnished with big screen televisions.

    St. James has four private rooms and 43 semiprivate with two beds. Every room has a window and every room has a bathroom in addition to large bathing rooms fitted with whirlpool baths and a lifting chair found on both wings

    The atmosphere at St. James is quite inviting and cozy from the rocking chairs on the front porch, to the nightlights, to the pictures on the walls of every room including the bathrooms. "Some color, some lighting and pretty pictures make it nice," said McCord.

    Director of Nursing Beverly Martin said St. James will partner with a number of locals to provide enrichment activities for residents, including nondenominational church services on site. She said artist Joan Matey of Lanark Village and dance instructor Pam Nobles of Apalachicola are already signed up to offer classes. Martin encouraged anyone interested in volunteering or partnering with St. James to contact the home at 697-2020.

    St James will offer a variety of services ranging from traditional nursing care to rehabilitation for individuals who expect to regain independence. There will be occupational and speech therapists on staff. The home will provide hospice care and short term "respite care" to give home caregivers a break for a weekend or a few weeks.

    Bert Ivey, director of ElderCare Services for Franklin County said, "I am so excited about this facility. It's wonderful to have another option for seniors in the county. This will allow so many people to remain close to home and family."

    Mitchem said the facility is now waiting for the Agency for Health Care to inspect and certify the building so they can begin accepting residents.

    "We have had a number of inquiries and have several people waiting to move in. There have been inquiries from Chattanooga and honestly just everywhere," she said, adding that a number of local families had dropped by or called to inquire.

    "We're seeing a lot of people who want to bring family members closer to home. I've talked to families from Eastpoint, Apalachicola and Port St. Joe but, in my experience, the majority of locals inquiring live on St. George Island," she said.

  • The Village on Pheasant Ridge Independent Living Retirement Community Announces Murray Evans Joiner, Jr., M.D. as Director of Health and Wellness
    February 11, 2009

    Roanoke, VA – The Village on Pheasant Ridge Independent Living Retirement Community is proud to announce the appointment of Murray Evans Joiner, Jr., M.D., as the new Director of Health and Wellness. Under the leadership of Dr. Joiner, The Village on Pheasant Ridge will be launching Pathways, a new health and wellness program that will provide health screenings and monitoring; personalized wellness plans; and life enrichment programs for its residents.  Pathways also will offer free lectures on health and wellness that are open to the Roanoke Valley community.  Area residents are invited to call (540) 400-6482 to be added to the mailing list for future Pathways health and wellness events at The Village on Pheasant Ridge, or to arrange a tour of the community.

     

    Dr. Joiner is board certified in Physical Medicine and Rehabilitation.  He graduated from Meharry Medical College School of Medicine in Nashville, TN in 1987, and completed his residency in Physical Medicine and Rehabilitation at the National Rehabilitation Hospital in Washington, D.C. in 1991.  Locally, he is affiliated with Lewis-Gale Medical Center and Lynchburg General Hospital, and he maintains offices in Roanoke and Lynchburg.  Dr. Joiner is a Diplomate of the American Board of Physical Medicine & Rehabilitation, a Diplomate of the American Board of Interventional Pain Physicians, and a Fellow of the Interventional Pain Physicians.

     

    Dr. Joiner has been a resident of the Roanoke Valley since 1991, and has been consistently recognized as one of the top doctors in the region since the early 1990s.  He is active in the Roanoke community and is the founder of the HomeTown Health Clinic to serve the uninsured and under insured.

     

    Dr. Joiner said that he was inspired to volunteer his services to The Village on Pheasant Ridge community because he believes strongly in promoting health and wellness to seniors.  “Life does not end at retirement,” said Dr. Joiner.  “Life begins at Pheasant Ridge.”  He talked about the importance of community and relationships to health and longevity.  “At The Village on Pheasant Ridge, you don’t have to go out to interact with your community,” said Dr. Joiner.  “We are building a community here centered around the interests, activities and needs of the active seniors of the Roanoke Valley.”  He added that at Pheasant Ridge, residents “come home to a beautiful place” where healthy meals, exercise classes and services are provided, which makes staying healthy and independent longer easier and more fun.

     

    The Village on Pheasant Ridge’s innovative Pathways Health and Wellness Program, developed under the leadership of Dr. Joiner, will provide information; guidance; health maintenance screening and monitoring including blood pressure, cholesterol, blood glucose, hearing and vision checks; and other wellness services to help seniors maximize their health and independence as they age.  Through this exciting new program at The Village on Pheasant Ridge, residents and community members will benefit from an ongoing lecture series on health and wellness, and from ongoing exercise and wellness classes. Dr. Joiner or his staff will be available regularly in the on-site physicians’ offices at The Village on Pheasant Ridge to assist residents in evaluating their health and wellness needs. 

     

    The Village on Pheasant Ridge has received great response from the community since opening its doors, and many of its independent living apartments are already occupied or reserved.  To arrange a visit at the community or reserve an apartment, the public is invited to call (540) 400-6482.

  • Crossings at Bon Air is one of several new communities in region
    January 5, 2009
     

    BY BONNIE NEWMAN DAVIS Special Correspondent
    Published: January 4, 2009

    Four years ago, W.W. Morris and his wife, Frances, sold their spacious split-level home and moved into Chesterfield County’s Braxton community for those 55 and older.

    But Morris decided recently that his Braxton home was too much for one person after his wife died in June.

    The 83-year-old wants to continue his active social life, and he’s confident that moving to the Crossings at Bon Air community off Midlothian Turnpike in Chesterfield will provide him the lifestyle he seeks.

    “I went to the Crossings at Bon Air’s offices, listened to a presentation and picked up the literature,“ said Morris, a retired engineer for Adamson Co. “I discovered this was the right way to run a place.“

    The Crossings at Bon Air, scheduled to open in the spring, is one of several retirement communities being built in the Richmond area for older and active seniors. Experts say they will become increasingly popular as baby boomers age.

    “Folks are more independent, living longer and healthier,“ said Bruce H. Hedrick, senior vice president of development for Smith/Packett, the Roanoke-based developer of The Crossings. The company specializes in the design and development of senior housing and care development projects. It recently obtained The Windsor on Grove Avenue in Richmond and converted it from a nursing home to an assisted-living and memory-care facility.

    “The rental à la carte model allows for more flexibility,“ Hedrick said.

    The 17.6-acre campus for The Crossings, near the Powhite Parkway, will offer 124 independent-living apartments for rental, and 32 independent condominiums for purchase. The project also calls for 52 assisted-living units for rental, and 18 memory-care/assisted-living suites for rental.

    The Crossings will offer amenities including 24-hour staffing and emergency call systems, transportation, housekeeping and maintenance service.

    The studio, one- and two-bedroom apartments will have 9-foot ceilings, fully equipped kitchens, private bathrooms and ample closet space, said Joseph Roche, president of The Roche Associates Inc., a Wilbraham, Mass.-based marketing firm for senior-living and health-care facilities. Roche Associates handles marketing for Smith/Packett.

    Having larger units—and closets—is appealing, he said.

    “For women, that is an advantage,“ Roche said. “The units also are 30 to 40 percent larger than comparable one or two-bedroom units” in other Richmond-area retirement communities.

    For example, studio apartments at The Crossings will have 750 square feet of space, compared with some units in other senior communities that have 320 square feet, Roche said.

    The Crossings will require a one-time entry fee of $2,500.

    Monthly rent for each apartment covers most cost-of-living expenses, including 30 meals per month, all utilities (except phone and cable), housekeeping, maintenance and numerous activities.

    The Crossings’ location is ideal for Chesterfield’s growing elderly population, Roche said.

    Bill Handley, a demographer for Chesterfield, said the county’s 314,000 residents will continue to experience an aging populace.

    In 2000, 21,000 Chesterfield residents were 65 and older. By 2010, 33,000 people will be in that age group, and, by 2020, the number will be close to 60,000, he said.

    “That’s a lot of people,“ Handley said. “Some of them will stay in their homes, and some will need different levels of care.“

    Handley said that, unlike in the past, when many seniors tended to relocate to warmer climates, more now tend to remain in localities similar to Chesterfield, where advantages include mild weather and affordable living.

    The Crossings project started in 1999 after research showed that South Richmond and Chesterfield were underserved with these types of senior communities, Hedrick said.

    The land for the project originally was zoned for commercial or retail use.

    “With a subdivision behind it, retail probably was not the best use for the area,“ Hedrick said.

    The first phase of the development, The Laurels at Bon Air, opened in November 2007. The 100-bed skilled nursing facility features a state-of-the-art physical therapy gym and 32 private rooms.

    A medical office building also is planned for the site.

    The project’s developers say the current economic climate should not have a negative impact on rentals and sales.

    A Dec. 7 open house for The Crossings drew 350 people, and so far 10 apartment units have been reserved, said Jill Anne Kuslits, director of sales and community relations for The Crossings.

    “People are coming because they are tired of maintenance and also for the social connection,“ Kuslits said. “Social connections stimulate memory. Plus it’s exciting to offer activities ... there will be a commons area and theater room.“

    Chesterfield isn’t the only area locality with its eye on the aging population.

    In northern Henrico County, for example, the Verena at Virginia Center Commons development on Brook Road is slated to open in March, said Alexander Mabin, senior vice president for Sterling-based First Centrum, which owns Verena.

    About 12.2 percent of Henrico’s 284,399 residents are 65 or older, according to the 2006 U.S. census data.

    The multi-story Verena complex will offer one- and two-bedroom apartments.

    A key selling point, Mabin said, will be the main building that will house a clubhouse and fitness center. The average age of residents will be 70-plus, although some will be younger, he said.

    Verena’s apartments will offer full designer kitchens, 9-foot ceilings and a washer and dryer. Someunits will have patios and balconies.

    Other features include community activities, restaurant-style breakfast and lunch, housekeeping and maintenance services.

    Most important, Mabin said, is that Verena will reflect the lifestyle in which today’s seniors are accustomed.

    “We’re trying to get around period furnishings and classical pictures on the walls,“ he said. “Residents want more contemporary accessories. They like granite countertops and crown molding. We’re making it new and reflective of the values and qualities they have in their homes.“

  • Star Tribune News Release- Chatham, VA
    December 1, 2008
    News

    Officials break ground for Chatham nursing home
    By TIM DAVIS/Star-Tribune Editor
    Wednesday, November 26, 2008 10:07 AM EST

     

     

    Construction may have begun several months earlier, but that didn't stop officials from holding a ceremonial ground-breaking Thursday for an 85-bed nursing home in Chatham.

    About 30 people attended the brief event at the 25-acre site off South Main Street and Evergreen Drive.

    Mayor George Haley welcomed the long-awaited project.

    "When you dream about something and it actually becomes a reality it's a wonderful time," said Haley.

    Roanoke's Smith/Packett is building the nursing home and has been working on the project for about three years.

    The nursing home received final approval from the Virginia Department of Health last December.

     

    "It would be impossible to thank the hundreds of people who supported the nursing home," said the mayor. "It was a real team effort. Everybody came together."

    Smith/Packett originally planned to build a 60-bed nursing home, but expanded the project earlier this year by purchasing an additional 25 beds from R.J. Reynolds-Patrick County Memorial Hospital in Stuart.

    The additional beds added $1.9 million to the $5.8 million project, and will make the nursing home more efficient, said Bruce Hedrick, senior vice president of development for Smith/Packett.

    The nursing home, which will be called Chatham Health and Rehabilitation Center, will be managed by Third Street Management in Hickory, N.C.

    Joyce Denham, director of operations for Third Street, said the nursing home will be community oriented - "neighbor taking care of neighbor."

    The facility is scheduled to open next June and will employ about 100 people.

    Earlier, Smith/Packett said rates would be $150 a day for a private room and $135 a day for a semi-private room.

    Smith/Packett's long-range plans include 50 independent living apartments and a 52-bed assisted-living wing for patients with Alzheimer's and dementia.

    tim.davis@chathamstartribune.com

    (434) 432-2791