DUNEDIN, Fla. — Acts Retirement-Life Communities has completed its previously announced affiliation with Mease Life, a nonprofit continuing care retirement community (CCRC) in the coastal Tampa suburb of Dunedin.
Under the affiliation agreement, Mease Life has become an Acts affiliate member and part of its network of 27 CCRCs in nine states across the east coast.
Rising nine stories, Mease Life is home to approximately 350 residents and includes a mix of independent living, assisted living, skilled nursing and other specialty care services.
Acts is currently the nation’s fourth largest nonprofit senior living organization with assets of $2.4 billion. The Acts communities are in Pennsylvania, New Jersey, Delaware, Maryland, North Carolina, South Carolina, Georgia, Alabama and Florida.
Senwell Senior Investment Advisors advised on the transaction.
“Mease Life was up against a significant number of operational challenges and headwinds,” says Brandon Bohland, managing partner at Senwell. “We assumed the responsibility of crafting an opportunity that could pave the way for an even brighter future for them.”