The Oaks shakes up leadership ahead of sale
The Oaks, which is in the process of being sold to the for-profit The Oaks of
The Oaks has hired
Knopf was hired by The Oaks
Knopf most recently served as vice president/regional operations director of
Knopf also served as executive director of
"While Kevin has over three decades of senior living experience with over two decades at the executive level, you will find that one of his strongest skills is his engagement with those he meets," the letter states.
Cox, who has served as CEO at The Oaks for four years, has been named the liaison to the board of trustees and will continue to work in this capacity through the transition of the sale. Cox will work with new owner Fowler during the transition and the closing of the sale.
Fowler is also the owner and operator of
Attempts to reach Fowler and Cox for details on the sale's impact were unsuccessful.
In addition,
Begun in 2008, PACE is geared to provide a continuum of care and services for elderly patients with chronic-care needs while allowing them to remain in their homes as long as possible.
Till also served as The Oaks vice president of medical and supportive services.
"We greatly appreciate all Elaine has contributed to The Oaks during her three decades of service as the first administrator of the
The Oaks has hired
Details on just how much the continuing-care retirement community is struggling financially were revealed in June at the
The resolution noted The Oaks has incurred monthly operating deficits averaging
The Oak's debt is
Oaks officials have attributed the debt to typical mortgages and leases as well stock market losses. Recent changes in Medicaid and Medicare funding have also impacted the facility.
The Oaks has an annual operating budget of
The sale was approved by the board of The Oaks on
The Annual Conference, South Carolina Conference UMC Bishop
The sale is expected to close in
In the interim, The Oaks as a non-profit corporation will seek funding from the
Despite the authorized sale and questions about the viability of The Oaks, officials with the church as well as with the new entity have been mum on the sale's impact.
"During the month of August we expect to begin meeting with residents and employees to gather input into what improvements or changes we would like to see in order for The Oaks to become a retirement community and employer of choice," the
Formerly named The Methodist Oaks, the facility underwent a name change a few years ago and operates as an independent, non-profit corporation. It is not owned by the
Contact the writer: [email protected] or 803-533-5551. Check out Zaleski on Twitter at @ZaleskiTD.
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