Presbyterian Senior Living (PSL) celebrated the transfer of ownership of Pine Run Life Plan Community (“Pine Run LPC”) in Doylestown Aug. 31.
In June, Doylestown Hospital and Presbyterian Senior Living (PSL) entered into an asset purchase agreement for the formerly named Pine Run Life Plan Community. Following a due diligence and transition period, the not-for-profit PSL officially became the owner of the newly named Pine Run Village, a 532 unit/bed, five-star-rated Life Plan Community, on Aug. 24.
Dan Davis, president and CEO of Presbyterian Senior Living said, “I am extremely excited to start this new chapter in the life of Pine Run Village. We are looking forward to a bright future of collaboration with the Doylestown Health System and being a vibrant and engaged partner with the Doylestown community.”
The celebration included a brief ceremony, which included words of greeting from members of the PSL Board of Trustees, Davis, and Jim Brexler, president & CEO of Doylestown Health. Following the ceremony, a ribbon-cutting was held in front of the Pine Run Village Community Center or “The Hub” as it is referred to by residents and team members.
The celebration and ribbon-cutting was attended by The Villagers (residents of Pine Run Village), board members from Doylestown Health, PSL board members, and leadership teams from both PSL and Pine Run Village.
Brexler said, “We were pleased to join the leadership of Presbyterian Senior Living at a special ribbon-cutting and celebration kicking off the beginning of a new chapter in the history of Pine Run with the transfer of ownership from Doylestown Health to PSL. It has truly been our honor and privilege to serve the Villagers and residents of Pine Run. We look forward to continuing to provide our world-class health-care services to the Pine Run Village community in partnership with PSL.”
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