Friends Homes, Inc. has entered into a management services agreement with PHI Management Services, LLC.
After several years of discussion and strategic planning, the Board of Trustees of Friends Homes, Inc. and the Board of Governors of The Presbyterian Homes, Inc. approved this step that will allow PHI Management Services, LLC to provide management and marketing services for the communities owned by Friends Homes, Inc. PHI Management Services, LLC is wholly owned by The Presbyterian Homes, Inc. The agreement began on May 1.
Friends Homes, Inc. operates two Continuing Care Retirement Communities (CCRCs) located in Greensboro, NC – Friends Homes at Guilford and Friends Homes West. Friends Homes Inc., was chartered in 1958 and enjoys a stellar reputation in the senior living industry. In accordance with Quaker principles, both communities provide, at reasonable cost, an environment which fosters independence and a sense of wholeness, health and security so that each resident may realize his or her full potential. Friends Homes, Inc. serves approximately 600 residents.
Similar to Friends Homes, Inc., The Presbyterian Homes, Inc. is also a non-profit multi-site CCRC provider with a strong faith-based history. Currently, The Presbyterian Homes, Inc. operates three communities within North Carolina: Scotia Village located in Laurinburg, which serves over 200 residents, Glenaire located in Cary, which serves nearly 400 residents, and River Landing at Sandy Ridge located in Colfax, which serves over 500 residents.
“We look forward to entering this new phase of our relationship with Friends Homes and are committed to partnering with Friends Homes to ensure its continued success and the well-being of its residents and staff members,” said Timothy J. Webster, President of The Presbyterian Homes, Inc. “Presbyterian Homes and Friends Homes have similar missions, values and organizational cultures. We are confident that this opportunity to work together will strengthen both organizations,” stated Webster. Wilson M. Sheldon, Jr., CEO for Friends Homes, Inc. since 1983, is optimistic about the future as well. “We feel that our arrangement with The Presbyterian Homes will be beneficial for both organizations and for the residents living in the communities. It is important to Friends Homes to maintain an environment where residents can be as active or as relaxed as they wish while being surrounded by an atmosphere that fosters friendship, comfort and security,” stated Sheldon.
The Presbyterian Homes, Inc. has more than 60 years’ experience as a leader in the senior living field. Its mission is to provide senior adults with caring and high quality services in support of their physical, intellectual, social, and spiritual well-being. The Presbyterian Homes, Inc. is a non-profit corporation serving approximately 1,100 residents within its three continuing care retirement communities located within North Carolina. It is affiliated with the Presbyterian Church (USA) through a covenant agreement.