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Goodwin Living Will Reinvest Savings in Mission Growth and Staff Support

July 15, 2022

ALEXANDRIA, VA—Goodwin Living™ announced earlier this week that it has completed a refinancing of its capital sources. The move, which takes advantage of opportunities to reduce its debt service expenses, involves $122.5 million.

“Goodwin Living has a long history of strong financial stewardship, from how we structure our financing to achieving and sustaining a strong rating of BBB+ from Fitch Ratings,” said Xan Smith, Goodwin Living’s chief financial officer. “With this refinancing, we will be able to reinvest several million dollars back into our mission to support, honor and uplift the lives of older adults and those who care for them.”

Celebrating 55 years of providing exceptional service to older adults, Goodwin Living is a not-for-profit, Virginia-based corporation serving 2,300 older adults with options that include two life plan communities—Goodwin House Alexandria and Goodwin House Bailey’s Crossroads; an innovative continuing care at home program—Goodwin Living at Home; and a portfolio of healthcare services and partnerships delivering home health, rehabilitation, primary care, palliative care, hospice and brain health.

On June 16th, Goodwin Living was named one of the top 10 organizations in The Washington Post 2022 Top Workplaces in the Greater Washington Area, and ranked number 5 in the large company category on the list of organizations receiving a Top Workplace designation. Goodwin Living has now achieved a Washington Post Top Workplace ranking for all four consecutive years in which it has competed for this honor.

“A hallmark of not-for-profit senior living organizations is that we reinvest savings and income back into our mission with programming for the older adults we serve and team members,” said Rob Liebreich, Goodwin Living president & CEO. “We are grateful to be able to reinvest the impressive savings from this refinancing into growing our standing as a provider of choice for older adults and an employer of choice across the National Capital Region.”

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