The Oaks shakes up leadership ahead of sale - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 13, 2019 Newswires
Share
Share
Post
Email

The Oaks shakes up leadership ahead of sale

Times & Democrat (Orangeburg, SC)

Jul. 12--A financially struggling Orangeburg retirement community is shaking up its leadership team in an attempt to save the institution.

The Oaks, which is in the process of being sold to the for-profit The Oaks of Orangeburg LLC, announced late Wednesday in a letter sent to residents and staff that it is bringing in additional resources "to improve service and operations."

The Oaks has hired Kevin Knopf as the new chief executive officer to help with this process. It is one of many personnel moves the retirement facility is implementing during its sale transition period.

Knopf was hired by The Oaks Board of Trustees in June and will begin as the new CEO Aug. 8, according to the July 10 letter signed by outgoing CEO Andy Cox, new owner Clay Fowler and Knopf.

Knopf most recently served as vice president/regional operations director of Lifespace Communities within the Florida market. He was responsible for five continuing-care retirement communities with 2,122 residents and 1,222 employees, the letter states.

Knopf also served as executive director of Freedom Plaza Sun City Center in Florida, a 648-unit continuing-care retirement community owned and operated by Brookdale Senior Living.

"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 Orangeburg's Longwood Plantation Assisted Living and Magnolia Place Memory Care.

Attempts to reach Fowler and Cox for details on the sale's impact were unsuccessful.

In addition, Elaine Till, program director of The Oaks Program for All-Inclusive Care for the Elderly, or PACE, will retire after 32 years. The PACE program is expected to remain operational, according to officials.

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 Sheffield Health Center and for her many contributions, including starting the PACE program," the letter states.

The Oaks has hired Val Kreil to serve as an interim administrator for Sheffield. A search for a full-time administrator of long-term care will be conducted.

Details on just how much the continuing-care retirement community is struggling financially were revealed in June at the South Carolina United Methodist Annual Conference via a resolution authorizing the sale of the property.

The resolution noted The Oaks has incurred monthly operating deficits averaging $125,000 for the past six months and that its situation was so dire fears were that it would be unable to have sufficient funding to continue operations until the closing of the sale.

The Oak's debt is $17 million, according to reporting by The South Carolina United Methodist Advocate, a newspaper owned and distributed by the church.

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 $22 million.

The sale was approved by the board of The Oaks on April 22 and presented during the S.C. United Methodist Annual Conference.

The Annual Conference, South Carolina Conference UMC Bishop Jonathan Holston and his cabinet authorized the sale of The Oaks on June 6.

The sale is expected to close in September 2019, according to the resolution.

In the interim, The Oaks as a non-profit corporation will seek funding from the United Methodist Church or other sources to allow it to continue operations until the sale is closed.

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 July 10 letter concludes. "We are excited about the future potential for The Oaks, our residents and our staff. As we move forward, we will continue to keep you updated."

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 United Methodist Church but identifies itself as a "United Methodist community."

Contact the writer: [email protected] or 803-533-5551. Check out Zaleski on Twitter at @ZaleskiTD.

___

(c)2019 The Times and Democrat (Orangeburg, S.C.)

Visit The Times and Democrat (Orangeburg, S.C.) at thetandd.com

Distributed by Tribune Content Agency, LLC.

Older

No injuries after Fox Lake police squad struck by alleged drunken driver, sheriff says

Newer

Fresno State, former athletic director reach settlement on wrongful termination claim

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
More Annuity News

Health/Employee Benefits News

  • Reed: Can these assets be saved?
  • PacificSource to end Montana operations
  • PacificSource to end Montana insurance operations
  • Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
  • Ashley Mann:
More Health/Employee Benefits News

Life Insurance News

  • Kansas official running for governor received $300K in donations before key decision
  • Investigators say C.R. man's life insurance claims for 3 children were fraudulent
  • Shocking death of Kyle Busch renews debate over IUL plan
  • WoodmenLife launches final expense life insurance offering
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet