Transfer of Ownership of Hermitage Eastern Shore

By Chris Henderson, CEO, Pinnacle Living

Click here to read press release (pdf)

Oct. 10, 2018 -- The Pinnacle Living community in Onancock, Hermitage Eastern Shore, opened in 1966 with strong support of the Eastern Shore community and local United Methodist congregations.  However, over the last 10 years, it has become more and more challenging to operate Hermitage Eastern Shore because of increasing financial pressures caused by the need to heavily invest in capital projects and occupancy challenges.

The Pinnacle Living Board of Directors carefully evaluated the operational challenges, and reached the very difficult decision that we can no longer sustain the ongoing financial losses.

This afternoon, Pinnacle Living announced we will transfer ownership of Hermitage Eastern Shore to Commonwealth Senior Living, an independent living, assisted living and memory care provider with 21 communities across Virginia. They will begin managing the community later next month, and will assume ownership before the end of the year. Commonwealth Senior Living plans to begin major capital improvements in 2019. 

Meetings were held today with team members, residents and family members to share this news. The Commonwealth Senior Living model of service differs from what Pinnacle Living currently provides at Hermitage Eastern Shore.  We expect their more affordable independent living, assisted living and memory care services to be well received by the Eastern Shore community and we are optimistic that every resident will be able to continue to live in the community. We acknowledge the dedication of our team members and recognize the impact of this decision on them. As ownership is transferred, we will work closely with Commonwealth Senior Living to facilitate a smooth transition for our residents, their families and team members.  

 In the coming weeks, Commonwealth Senior Living will be working with the Hermitage Eastern Shore team to assess residents and determine how they will best meet the needs of each resident. Commonwealth Senior Living also will be interviewing team members who are interested in continuing their employment at the community. Team members who are not retained by Commonwealth Senior Living will be offered severance pay and if they currently participate in the health insurance program, Pinnacle Living will pay their health insurance costs for a minimum of 30 days.     

We are very happy we have identified a partner who is committed to meeting the needs of Eastern Shore residents for many years to come. We pray that the United Methodist churches of the Eastern Shore District will continue to be involved with residents going forward, as you have done so faithfully throughout the history of Hermitage Eastern Shore.

Thank you for your continued support for Pinnacle Living and our mission of enriching life’s journey.  Please do not hesitate to contact me directly if you have any questions.

CHRIS HENDERSON
CHIEF EXECUTIVE OFFICER, PINNACLE LIVING
5101 COX ROAD #225, GLEN ALLEN, VA 23060O.
804 474 8700 | CHENDERSON@PINNACLELIVING.ORG
WWW.PINNACLELIVING.ORG
  Formerly Known as Virginia United Methodist Homes, Inc.

 

 

 

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Background photos courtesy of VDOT.

The Virginia Conference of The United Methodist Church
10330 Staples Mill Road, Glen Allen, VA 23060
P.O. Box 5606, Glen Allen, VA 23058-5606
1-800-768-6040 or (804) 521-1100
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