Two Metro-owned senior living facilities in Nashville, Tenn., are set to partner with three private companies and transition to the private sector.
The proposal, which still must go before the Hospital Authority Board of Trustees and the Metro Council for approval, is intended to enhance resident care and reduce Metro subsidies — reported at $10.5 million per year — to fund those operations.
Signature Healthcare (Louisville, Ky.) is expected to make a private investment of $250,000 in capital improvements to Bordeaux Long-Term Care and operate the facility, while Vision Real Estate will lease and purchase Knowles Home Assisted Living.
The plan also includes construction of a new $18 million, 168-bed skilled nursing facility to be built by Ed Street Co. (Johnson City, Tenn.) and operated by Signature. The facility is expected to take three years to build.
Currently operated by Metro, Bordeaux Long-Term Care is a long-term acute-care facility with 419 beds and an average of 220 residents, and Knowles Home Assisted Living is a 100-bed facility that provides assisted living services.
Vision could redevelop other parts of the 77-acre Knowles property with other senior living sites.
