Financial challenges ‘too great’; Daughters of Miriam in Clifton will be sold – NorthJersey.com

Posted By on April 6, 2022

Due to long-term financial difficulties exacerbated by COVID-19, theDaughters of Miriam Center/The Gallen Institute for Subacute Care announced that it will be sold in June for $36 million.

"Due to changes in the economic climate, the financial challenges have become too great to effectively compete in the long-term care industry as an independent facility,"Daughters of Miriam CEO Frank DaSilva said in a statement on Tuesday. "Our board of trustees has made the difficult decision to exit the long-term care industry.

On June 1, more than 100 years after its founding, theDaughters of Miriam Center will transfer ownership of the nursing home and sub-acute and supportive services to Atlas Healthcare.

DOM officials said the money from sale will be for the continued operation of the apartments, which the Daughters of Miriam Foundation will maintain ownership, as well as support Meals on Wheels operations.

Atlas Healthcare, Miriam officials said, will maintain themission to provide a continuum of health services that respectJewish values, traditionsand lifestyles and emphasizequality of life and human dignity.

The facility will remain kosher, with an on-site synagogue, and with no interruption in the delivery of nursing and supportive services.

As the owner/operator of Atlas Healthcare, we are committed to providing the same high quality of care for which Daughters of Miriam Center has been known all these years, a statement by Atlas Healthcare CEO Phil Bak read.

The new ownersare the New Jersey-licensed operators at Cedar Grove Respiratory and Nursing Center in Williamstown; Atlas Rehabilitation and Healthcare at Maywood; Wynwood Rehabilitation and Healthcare Center in Cinnaminson; and Riverfront Rehabilitation and Healthcare Center in Pennsauken.

More news:Publishers Clearing House (yes, it's a real thing) gives $100K to Wanaque widow

Founded in 1921, Daughters of Miriam Center had a mission and values designed to meet the community's needs, and they have been revised throughout the decades to adapt to the changing health care landscape.

Daughters of Miriam will continue to serve the elderly through the Daughters of Miriam Foundation, as it will maintain ownership and operations of the Miriam Apartments, also known as the Esther and Sam Schwartz Building, at 135 Hazel St. in Clifton.

The 150-unit independent-living apartment building will continue to maintain its not-for-profit status.

Read next:Eva's Village reopens inside sit-down meals in Community Kitchen

Clifton Mayor James Anzaldi said he heard that the sale was pending. He said that over theyears many of his friends, neighbors and family have used the facility.

"I have visited countless times so many people who have been helped by the organization," he said."I hope that the new owners can live up to the high standard that I have witnessed over the years by the nonprofit organization."

Matt Fagan is a local reporter for NorthJersey.com. For unlimited access to the most important news from your local community,please subscribe or activate your digital account today.

Email:fagan@northjersey.com

Twitter:@fagan_nj

Read this article:

Financial challenges 'too great'; Daughters of Miriam in Clifton will be sold - NorthJersey.com

Related Posts

Comments

Comments are closed.

matomo tracker