Mechanicsville retirement community Covenant Woods is shutting down its in-home care company Advance Care. (Jack Jacobs photo)
A Mechanicsville retirement community is winding down the in-home care subsidiary it acquired nearly four years ago and shedding dozens of jobs as a result.
Covenant Woods confirmed this week that its leadership has decided to shutter Advance Care, which offers in-home and hospice care for seniors in the Richmond area.
“After careful consideration, the Covenant Woods’ Board of Directors has decided to dissolve Advance Care Home Health and Hospice divisions in order to focus on the core business model as a Life Plan retirement community on our campus in Hanover,” Covenant Woods spokeswoman Erin Melton said in an email.
“We are proud of the Advance Care Home Health and Hospice teams for their years of services throughout Chesterfield, Hanover, and the counties surrounding Richmond.”
The Advance Care office at 7501 Boulder View Drive in Chesterfield County is slated to close, and its 56 employees are to be laid off, according to filings made earlier this month to the Virginia Employment Commission. The layoffs are expected to go into effect on or about Jan. 5.
The people affected by the layoffs are physical therapists, registered nurses and administrative staff, in addition to other workers. Forty-six employees are part of the company’s in-home care unit, while the remaining 10 are involved in its hospice care, according to the notices filed with the state.
Melton didn’t specify how many Advance Care employees would be or have been offered new roles at the parent company.
“We are working with the Advance Care staff during the transition, that includes any potential job opportunities at Covenant Woods,” she said.
Covenant Woods acquired Advance Care in January 2020, and created the hospice service later that year, according to the nonprofit’s tax filings. The organization reported that both arms of Advance Care, which operate under separate LLCs, together generated $4 million in revenue and incurred $3.9 million in expenses in the company’s fiscal year 2022, which ran from April 1, 2021, to March 31, 2022.
Covenant Woods reported $38.6 million in revenue and $42.5 million in expenses in its fiscal year 2022, according to tax filings.
Covenant Woods offers independent living and assisted living on its 90-acre campus at 7090 Covenant Woods Drive. On its website, Covenant Woods says it has more than 350 residents. The organization was founded in the city as The Richmond Home for Ladies in 1883.
Mechanicsville retirement community Covenant Woods is shutting down its in-home care company Advance Care. (Jack Jacobs photo)
A Mechanicsville retirement community is winding down the in-home care subsidiary it acquired nearly four years ago and shedding dozens of jobs as a result.
Covenant Woods confirmed this week that its leadership has decided to shutter Advance Care, which offers in-home and hospice care for seniors in the Richmond area.
“After careful consideration, the Covenant Woods’ Board of Directors has decided to dissolve Advance Care Home Health and Hospice divisions in order to focus on the core business model as a Life Plan retirement community on our campus in Hanover,” Covenant Woods spokeswoman Erin Melton said in an email.
“We are proud of the Advance Care Home Health and Hospice teams for their years of services throughout Chesterfield, Hanover, and the counties surrounding Richmond.”
The Advance Care office at 7501 Boulder View Drive in Chesterfield County is slated to close, and its 56 employees are to be laid off, according to filings made earlier this month to the Virginia Employment Commission. The layoffs are expected to go into effect on or about Jan. 5.
The people affected by the layoffs are physical therapists, registered nurses and administrative staff, in addition to other workers. Forty-six employees are part of the company’s in-home care unit, while the remaining 10 are involved in its hospice care, according to the notices filed with the state.
Melton didn’t specify how many Advance Care employees would be or have been offered new roles at the parent company.
“We are working with the Advance Care staff during the transition, that includes any potential job opportunities at Covenant Woods,” she said.
Covenant Woods acquired Advance Care in January 2020, and created the hospice service later that year, according to the nonprofit’s tax filings. The organization reported that both arms of Advance Care, which operate under separate LLCs, together generated $4 million in revenue and incurred $3.9 million in expenses in the company’s fiscal year 2022, which ran from April 1, 2021, to March 31, 2022.
Covenant Woods reported $38.6 million in revenue and $42.5 million in expenses in its fiscal year 2022, according to tax filings.
Covenant Woods offers independent living and assisted living on its 90-acre campus at 7090 Covenant Woods Drive. On its website, Covenant Woods says it has more than 350 residents. The organization was founded in the city as The Richmond Home for Ladies in 1883.
Shameful we do our elderly in this country.