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Illinois Senior-Living Firm Set to Be Approved as Hillside Village Buyer

Submitted by jhartgen@abi.org on

The senior-living provider poised to acquire Hillside Village, acash-strapped retirement community, plans to continue operations there without any major changes, a company spokesman said yesterday, according to the Keene (N.H.) Sentinel. That sale is set to be approved Nov. 19 after the nonprofit Prospect-Woodward Home, which opened Hillside Village two years ago, received no other bids for the facility before a court-imposed deadline late last month, according to Covenant Living Communities & Services spokesman Randy Eilts. The sale hearing, part of Hillside Village's ongoing chapter 11 case, had initially been scheduled for yesterday but was recently postponed. Based in Skokie, Ill., Covenant Living will purchase the Keene facility in a $33 million deal initially announced in August. The company, which operates 18 senior-living facilities nationwide, will honor all existing contracts with Hillside Village residents and staff, Eilts said Monday.