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ACTS Retirement Life Communities
ACTS Retirement-Life Communities Completes Carlton Cove Acquisition
June 20th, 2008
ACTS Retirement-Life Communities, a premier not-for-profit retirement services organization, has announced that it has completed its acquisition of Carlton Cove, a continuing care retirement community (CCRC) in Huntsville, Alabama. The community will be renamed Magnolia Trace and become the 19th ACTS continuing care community and the third retirement community the organization has acquired rather than built. ACTS is a mission-driven, faith-based company formed more than 35 years ago by a Pennsylvania pastor and members of a non-denominational church. "We are thrilled with the opportunity to expand our mission into Alabama and bring a new era of high quality retirement...
Source: Health Business Week (2008-06-20)
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