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PAHSA member Brightspire, based in High Point, North Carolina, is progressing towards a merge with The Well-Spring Group, to create a new parent entity, Kintura. The merger establishes Kintura as the largest not-for-profit senior living organization in North Carolina and within the top 40 across the nation, according to a press release announcing the merger. The name Kintura combines forms of “kindness” and “kindred” as well as the Scottish Gaelic term for “journey” or “travel.” The latest development is naming Tim Webster, president and CEO of Brightspire, and Steve Fleming, president and CEO of The Well-Spring Group, as co-president/CEOs. Fleming’s role will prioritize organizational strategy while Webster’s will emphasize operations. Webster has served on the PAHSA board of directors, and as its chair from 2020 to 2022. Fleming is a past board chair of LeadingAge-North Carolina. “This is a historic new chapter for our two great organizations,” Brightspire and Well-Spring said in a joint statement. “Our due diligence confirmed that this move is the right thing to do and best ensures not only a secure future for our communities, programs and those we serve but also immense opportunities for our team members and our ability to support the needs of our growing population of older adults. The future promises to be bright under the Kintura direction and leadership. Brightspire, formerly The Presbyterian Homes, has a 72-year history in North Carolina. Brightspire comprises three senior living communities in Laurinburg, Cary and High Point. The Well-Spring Group opened its first retirement community in 1993 in Greensboro, NC, and now owns two continuing care retirement / life plan communities. Well-Spring’s home- and community-based programs offer home care and adult day and group respite services to older adults living with dementia, along with caregiver education and support. Kintura will include five life plan communities serving more than 2,000 residents and employ more than 2,100 team members. Each community will retain its name, culture, and established traditions.
PAHSA member Brightspire, based in High Point, North Carolina, is progressing towards a merge with The Well-Spring Group, to create a new parent entity, Kintura. The merger establishes Kintura as the largest not-for-profit senior living organization in North Carolina and within the top 40 across the nation, according to a press release announcing the merger. The name Kintura combines forms of “kindness” and “kindred” as well as the Scottish Gaelic term for “journey” or “travel.”
The latest development is naming Tim Webster, president and CEO of Brightspire, and Steve Fleming, president and CEO of The Well-Spring Group, as co-president/CEOs. Fleming’s role will prioritize organizational strategy while Webster’s will emphasize operations. Webster has served on the PAHSA board of directors, and as its chair from 2020 to 2022. Fleming is a past board chair of LeadingAge-North Carolina.
“This is a historic new chapter for our two great organizations,” Brightspire and Well-Spring said in a joint statement. “Our due diligence confirmed that this move is the right thing to do and best ensures not only a secure future for our communities, programs and those we serve but also immense opportunities for our team members and our ability to support the needs of our growing population of older adults. The future promises to be bright under the Kintura direction and leadership.
Brightspire, formerly The Presbyterian Homes, has a 72-year history in North Carolina. Brightspire comprises three senior living communities in Laurinburg, Cary and High Point.
The Well-Spring Group opened its first retirement community in 1993 in Greensboro, NC, and now owns two continuing care retirement / life plan communities. Well-Spring’s home- and community-based programs offer home care and adult day and group respite services to older adults living with dementia, along with caregiver education and support.
Kintura will include five life plan communities serving more than 2,000 residents and employ more than 2,100 team members. Each community will retain its name, culture, and established traditions.