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Chelsea, Grand Rapids retirement communities affiliate

Mar 11, 2019 - Crain's Detroit Business

On the face of it, a new affiliation agreement between United Methodist Retirement Communities and Grand Rapids-based Porter Hills Presbyterian Villages Inc. has many of the markings of a full merger.

Following completion of the deal on March 1, UMRC is now the sole shareholder of Porter Hills with the transfer of ownership from Westminster Presbyterian Church in Grand Rapids.

The two senior living and care nonprofits have overlapping boards, and they are sharing c-suite executives. ...