Lument Arranges Sale of Saunders House Skilled Nursing Facility in Wynnewood, Pennsylvania

WYNNEWOOD, Pa. — Lument Securities has served as exclusive financial advisor to the board of directors of Saunders House, a nonprofit skilled nursing facility, on its sale to a regional private operator.

The property is located in the first-ring Philadelphia suburb of Wynnewood and features 180 beds.

Laca Wong-Hammond and Dominic Porretta led the transaction for Lument Securities.

Saunders House dates back to 1864 when it opened as the Old Man’s Home of Philadelphia. The current facility, which is located adjacent to Lankenau Medical Center, opened in 1973 and underwent a $3.5 million renovation in 2016. Despite historical profitability, Saunders House faced significant staffing and operational challenges during the pandemic.

The nonprofit used the proceeds from the sale to fund a foundation that supports seniors housing and healthcare providers whose residents may lack financial resources.