Covenant Living Communities and Services Closes on Purchase of Tulsa Senior Living Community
October 31, 2019
SKOKIE, IL–Covenant Living Communities and Services, one of the nation’s largest not-for-profit senior services providers, has signed all the final documents and closed on the purchase of Inverness Village, a Continuing Care Retirement Community (CCRC), in Tulsa, OK. The sale of the community was approved on September 19 by the Northern District of Oklahoma U.S. Federal Bankruptcy Court. The sale was finalized at a closing on October 31.
As part of the transition and integration into the Covenant Living organization, the senior living community, located off West 71st Street in south Tulsa, is now renamed at Covenant Living at Inverness.
“The new name acknowledges the history of this community which opened in 2003, while creating the connection to its new beginning as part of the Covenant Living family,” said Terri Cunliffe, Covenant Living president and CEO. “It will take several months for a full implementation of the new name, but we are excited that it provides for a sense of excitement about the future.”
Since September, Covenant Living started on the transition of ownership by meeting with residents and employees at the community. Just over 200 employees have been onboarding and transitioning to their benefits with Covenant Living.
“We’ve had teams in place getting to know and welcome employees into the Covenant Living family,” said Terri Cunliffe, Covenant Living president and CEO. “We’ve also held several town hall meetings with all of the residents providing them with information about our organization. So far, this transition is going very smoothly, and we’re blessed to be growing in the Tulsa market.”
Covenant Living also owns and operates a senior living rental independent and assisted living community in Bixby, OK. Covenant Living at Bixby has been in operation for five years.
Covenant Living at Inverness offers a continuum of care in a campus-style setting, providing luxury living accommodations and related health care and support services to a targeted 55+ market. It includes 196 independent living apartments, 40 cottages, 20 garden homes, 31 assisted living apartments, and 12 memory care units. Situated on 192 acres of rolling hills in the Tulsa Hills district, Covenant Living at Inverness has served Tulsa since 2003.
Chicago-based Covenant Living Communities and Services serves 5,000 residents at 17 retirement communities in 9 states and offers independent living, assisted living, skilled nursing, memory care, and rehabilitation. Through its LifeConnect® Whole Person Wellness Model, residents can access resources and opportunities that are designed to enrich the mind, body, and spirit and complement each person’s unique journey. Covenant Living is a ministry of the Evangelical Covenant Church and has been serving seniors since 1886.