Rochester Regional Health and Wegman Companies Inc Announce Strategic Agreement

January 19, 2018

  

Rochester Regional Health and Wegman Companies, Inc  
Announce Strategic Agreement for Senior Housing
Wegman Companies to assume day-to-day operations and ownership of The Village at Unity

 
ROCHESTER, N.Y. – Rochester Regional Health is pleased to announce an expanded collaboration in senior housing with Wegman Companies, Inc. of Rochester, NY. Rochester Regional Health’s Unity Hospital and Wegman Companies have been working together in delivering senior housing services at The Village at Mill Landing in Greece, NY, since 2014. The agreement announced today builds on that success by adding assisted living and memory care at The Village at Unity.

“After a careful year-long evaluation of our senior housing division, we have made the decision to transfer ownership of additional entities of our senior housing division to Wegman Companies and their national partner, Leisure Care,” stated John Foley, SVP/Chief Strategy Officer at Rochester Regional Health. “Wegman Companies/Leisure Care, together, have a demonstrated track record of success in developing and maintaining senior housing communities.”

As part of this agreement, Rochester Regional Health’s name will remain on the properties, and will be added to future Senior Housing properties developed or purchased by Wegman Companies in Rochester. 

Wegman Companies has retained a professional management company, Leisure Care, to manage day-to-day operations. Leisure Care has worked together in this capacity with other Wegman Companies properties around the United States. Leisure Care intends to extend employment offers to the current RRH employees at the Village at Unity and the Village at Mill Landing (already owned by Wegman Companies).

“We are thrilled to expand our relationship with Rochester Regional Health,” said Jay Wegman, Partner, Wegman Companies, Inc. “Through this strategic agreement, we will be able to add a family style atmosphere to the extraordinary care and services The Villages offers to our seniors. The Wegman Companies/Leisure Care team is excited to work with the current employees at The Villages.”

Rochester Regional Health will retain ownership and operation of its other Senior Housing facilities at Park Ridge Commons, Resch Commons, Moore Park, Hilton Park and Hudson Housing.

The parties expect the transaction to close by March 1, 2018.

 

###

About Rochester Regional Health

Rochester Regional Health is an integrated health services organization serving the people of Western New York, the Finger Lakes and beyond. The system includes five hospitals; primary and specialty practices, rehabilitation centers, ambulatory campuses and immediate care facilities; innovative senior services, facilities and independent housing; a wide range of behavioral health services; and Rochester Regional Health Laboratories and ACM Global Laboratories, a global leader in patient and clinical trials. Rochester Regional Health is the region’s second largest employer. Learn more at RochesterRegional.org.

 

About Wegman Companies

Wegman Companies, Inc. is a family-owned, full-service real estate development and investment company, specializing in developing and owning senior housing communities including assisted living, memory care and independent living throughout the United States.  Wegman Companies, Inc. has been in the senior housing business for over forty years.  Philip R. Wegman (Founder) continues to serve as Chairman of the Board.  Learn more at www.wegmancompanies.com.

 

Recent News

2018 Most Wired Award
The College of Healthcare Information Management Executives (CHIME) has named Rochester Regional Health one of Healthcare’s Most Wired for 2018. The distinction is based on the system’s ability to adopt, implement and apply new information technology to improve healthcare outcomes.

Monday, November 5, 2018

Rochester Regional Health Recognized as One of Healthcare’s Most Wired Health Systems

The College of Healthcare Information Management Executives (CHIME) has named Rochester Regional Health one of Healthcare’s Most Wired for 2018. The distinction is based on the system’s ability to adopt, implement and apply new information technology to improve healthcare outcomes.

Read News Article
Nicole Snyder, breast cancer survivor.
Meet Nicole Snyder: a mother, a wife, and a breast cancer survivor. Her diligence about routine breast screening may have saved her life.

Friday, October 26, 2018

Nicole Snyder's Story

Meet Nicole Snyder: a mother, a wife, and a breast cancer survivor. Her diligence about routine breast screening may have saved her life.

Read News Article
View All Recent News Articles