Eclipse Senior Living, one the largest providers in the United States, plans to permanently shut down, Senior Housing News reports.
The Lake Oswego, Oregon-based operator notified the state of Oregon about plans to shutter the company, in accordance with the Worker Adjustment and Retraining Notification Act (WARN).
The letter details 171 corporate employees slated to be affected by the closure, which is targeted to occur “by the end of the first quarter of 2022.”
Real estate investment trust Ventas, which owns a 34% stake in Eclipse, announced it plans to transition operations of its 90 Eclipse-managed communities in 20 states to eight to-be-named providers. Read more.
