SOURCE: Golden Living

Golden Living

March 10, 2011 15:00 ET

Golden Living Announces the Relocation of Its Headquarters to Dallas-Fort Worth Metroplex

Fort Smith Office to Remain as the Golden Living Administrative Center

FORT SMITH, AR--(Marketwire - March 10, 2011) - Golden Living today announced three key initiatives designed to position the healthcare company for growth and success in the future: establishing a new Headquarters in the Dallas-Fort Worth Metroplex, establishing an Administrative Center in Fort Smith, Ark., and a reorganization of its Golden LivingCenters operations.

Starting in April, Golden Living will begin consolidating and centralizing Golden Living senior executives and other management personnel from offices in seven states and the District of Columbia at the new Headquarters and at its Administrative Center.

Located in Plano, Tex., the new Headquarters will house the senior executives for Golden Living's operations and other corporate departments for all of its businesses. Approximately 100 people initially will be relocated from the offices in seven states and the District of Columbia to the new Headquarters. Only 12-15 people who are currently based in Fort Smith will be moving to Dallas.

"Bringing our senior executives together in one location will foster more effective communications, build collaboration, and facilitate faster and more effective decision-making," said Neil Kurtz, M.D., President and CEO of Golden Living. "It will allow us to be a more focused organization, which will enable us to respond in a more timely manner to business opportunities."

The Fort Smith, Ark. office of Golden Living will become the Golden Living Administrative Center, providing administrative services for all Golden Living businesses, and supporting more than 40,000 employees who provide healthcare services to 60,000 patients and residents. Senior executives responsible for these administrative services will be based in the Administrative Center in Fort Smith.

As part of this initiative, Golden Living also is looking to potentially consolidate a number of field-based positions in the Fort Smith Administrative Center. The company expects to make additional announcements about the new positions in Fort Smith in the near future.

"We think that Fort Smith is a great place to be doing business, and we are committed to our operations there," said Kurtz. "The high-quality work of our Fort Smith employees is one of the key reasons for our company's success."

The company also announced a reorganization of the operating structure of its Golden LivingCenters business above the individual facility level. "This reorganization focuses on being even more patient-centric in the operation of our 304 LivingCenters by increasing the resources available to them in addressing the healthcare needs of the patients and residents in the communities they serve," said Kurtz.

About Golden Living (www.goldenliving.com)

Golden Living is a family of companies that specialize in recovery care. Its mission is to help people recover health and improve quality of life through a network of healthcare services, including rehab, home care, assisted living, skilled nursing care and hospice. The Golden Living family of companies include Golden LivingCenters, Aegis Therapies, AseraCare Hospice and Home Health, and 360 Healthcare Staffing. There are more than 300 Golden LivingCenters in 21 states. Golden Living also offers assisted living services at more than 40 locations. In addition, the Golden Innovations companies partner with more than 1,000 nursing homes, hospitals and other health care organizations in 37 states and the District of Columbia. Collectively, the Golden Living family of companies has more than 42,000 employees who provide quality healthcare to more than 60,000 patients every day.

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