Certus Awarded TMA Turnaround of the Year 2024
Once again, Certus has been awarded the “Turnaround of the Year” by the Minnesota Chapter of the Turnaround Management Association (TMA). Certus received the award for the successful conclusion of the receivership of Cambia Hills of East Bethel, a Psychiatric Residential Treatment Facility for youth located in East Bethel, Minnesota.
Highlights include:
- Cost Containment Measures: Certus implemented value-engineered cost containment measures to ensure preservation of the facility.
- National Marketing Search Program: A national marketing effort was conducted to facilitate the sale of the property, attracting qualified buyers from across the country.
- Restoration of Licensure: The primary goal of Certus was to restore the facility under its prior licensure with a qualified operator, ensuring the continuation of vital services for youth in need.
- Customized Adolescent Behavioral Health Facility: The facility is designed for highly functional, specialized residential care dedicated to adolescent behavioral health, providing tailored care to meet the unique needs of young individuals.
- National-Level Operators: The facility has been sold to an operator with a national presence who also carries a deep understanding of local logistics, ensuring seamless operations and community engagement.
- State-of-the-Art Building Systems: Throughout the receivership, Certus maintained the state-of-the-art mechanical and building systems to preserve the facility’s operational efficiency and safety.
- Collaboration with Local Authorities: Certus established a strong and productive working relationship with city, county, and state representatives to provide the necessary structure to support ongoing operations of the program
Please click here to visit the Minnesota Chapter of the TMA and read about the award.
Certus Successfully Concludes Advisory Services for Assisted Living and Memory Care in Grand Junction, CO
Certus announces successful conclusion of advisory services to Indenture Trustee and Bondholders in relation to assisted living and memory care senior living facility located in Grand Junction, CO.
The engagement included the following outcomes:
- Operational and financial analysis to assess potential avenues for improving performance of the property
- Negotiated forbearance agreement with borrower to continue operating the community
- Efforts have led to real-time improved financial performance towards stabilization
Heritage of Green Hills Unveils New Health Care Center
The Heritage of Green Hills, a Life Plan Community in Shillington, PA, celebrated the grand opening of a new state-of-the-art Health Care Center featuring local leaders, current residents of the personal care neighborhood, and a bevy of enthusiastic seniors. The Meyer Senior Living Studio provided architecture, interior design and FF+E procurement services for the project.
The new Health Center services both personal care and memory care residents and enhances the retirement community’s already comprehensive and popular offerings while bolstering its award-winning legacy (the community has just won both the Berks County Living’s Best of Berks and the Reading Eagle’s Readers’ Choice awards for four years in a row).
Featuring 70 spacious personal care and memory care one-bedroom and studio suites, each unit includes a private bath with top-of-the-line fixtures. The personal care suites are among the largest assisted-living-style homes available in the market.
Heritage of Green Hills Health Care Center Ground Breaking
William Haase of Certus Introduces New State-of-the-Art Health Care Center at Ground-Breaking Ceremony at The Heritage of Green Hills in Shillington, PARead More
After Successful Turnaround, New London Receivership is Concluded
After a successful turnaround and sale of a 99-unit senior care campus formerly known as Grace Living Community of GlenOaks (MN), Certus is excited to announce the conclusion of the receivership. Satisfaction of the post-closing commitments and settlement with operator resulted in Kandiyohi County order approving the closure of this case. Read More
Certus Awarded TMA 2020 Turnaround of the Year
Once again, Certus has been awarded the “Turnaround of the Year” by the Minnesota Chapter of the Turnaround Management Association (TMA). Certus received the award for the successful stabilization and sale of a senior living community, formerly known as Grace Living Community of Glen Oaks. The community is located west of Minneapolis, in New London, Minnesota.Read More
After Successful Turnaround, Winsted Receivership is Concluded
After a successful turnaround and sale of the St. Mary’s senior care campus, Certus is pleased to announce that upon conclusion of a post-closing operational wind-up period, the McLoed County District Court approves motion to discharge receiver and close the case.Read More
Certus Leads Development at Senior Care Campus in Pennsylvania
Certus, Owner’s Representative, to Oversee Construction of New State-of-the-Art Health Care Center at The Heritage of Green HillsRead More
Certus Serves as Owner’s Representative Enhancing Senior Living Campus
Certus has been instrumental in the operational and physical improvements throughout the last year as owner representative of Lapis Advisers, LP. Read More
Certus Closes Receiver Sale of Senior Care Facility Amidst Pandemic
Certus is pleased to announce the close of a successful receiver sale to a rapidly growing Minnesota based senior care provider, Monarch Healthcare Management. Monarch will take over management of St. Mary’s Care Center as of April 1, 2020. The sale concluded amidst the rising COVID-19 pandemic.Read More