10:00-11:00 a.m

39-K. Navigating Transition: The Providence Place Acquisition Story

Providence Place, a retirement community in High Point, NC, faced a pivotal moment in January 2024 as it navigated the retirements of its chief executive officer and chief operating officer while grappling with financial challenges and initiating an acquisition process. This session will detail the 10-month journey leading to the community's acquisition by EveryAge, a multi-site provider based in Newton, NC. Presenters will highlight the strategies, challenges, and lessons learned during the acquisition process and explore how collaboration, mission-driven leadership, and stakeholder commitment ensured a smooth transition for both organizations. They will offer advice on maintaining organizational stability during leadership transitions and financial challenges, fostering teamwork during an acquisition, and successfully linking two middle market organizations with complementary visions.

• Kim Hoppe, President/CEO, KSH Consulting — USA
• Lee Syria, President and CEO, EveryAge — Newton, NC, USA
• Brad Thie, EveryAge Board Chair, EveryAge — Newton, NC, US
• C. Norwood Davis, Wesleyan Investment Foundation, President, KSH Consulting — USA