The Kenney retirement community is seeking new sponsors to assume operations of the retirement community.
The Kenney seeking new sponsorship
In a press release from the interim management for the West Seattle retirement community The Kenney at 7125 Fauntleroy Way SW it was announced they are seeking new sponsors.
"The Kenney Retirement Community, located at 7125 Fauntleroy Way SW, Seattle, is in the process of seeking a new sponsor to assume operations of the retirement community. The Kenney board of directors has been interviewing non-profit, faith-based organizations who share a similar mission of serving seniors. Covenant Retirement Communities, Mennonite Services Northwest, Wesley Homes and a fourth yet to be named have indicated interest in the potential of a transaction to become sponsors and each is evaluating the feasibility to assume operations of The Kenney later this year.
In today’s changing health care environment, affiliation with other sponsors has proven to benefit senior living providers and the residents they serve. Benefits include group purchasing programs, efficiencies in staffing and systems, and the ability to provide a broader network of services.
Last summer, an interim CEO and Ontrac Management Services were engaged by The Kenney to assist during this transition. Ed Mawe, Interim CEO, and The Kenney board of directors have been communicating with residents, families of residents and staff frequently about the sponsorship search. Communication about the sponsorship search process has been transparent with all parties, sharing discussions about the preference to find a sponsor who shares similar values with the heritage of The Kenney.
The Kenney continues to provide quality continuing care with residential apartments, assisted living, memory care and support, skilled nursing and rehabilitation.
Potential sponsors have expressed their intention to continue the services and the fine tradition of care.
Spokesperson Moraine Byrne explained, "In non-profit retirement organizations, the word 'sponsor' is always used to represent that the retirement community is a non-profit corporation and under the direction of a volunteer board of directors.
The Kenney is currently sponsored by a faith-based, non-profit corporation would be purchased by a new, non-profit corporation, ie likely to be one of the ones named in the news release.
The Kenney is not in danger of closing. All financial obligations are being met. It is operating well now and within budget, but a new sponsor which is a larger, multi-site retirement organization will bring greater efficiencies and strength."