Acts Retirement-Life Communities Inc. has added Westminster Village, in Spanish Fort, Ala., to its network of 21 continuing-care retirement communities in eight states, the Montgomery County nonprofit said Tuesday.
Westminster Village, a tax-exempt organization owned by Presbyterian Retirement Corp., has about 300 residents. Its 56-acre campus has 165 independent-living apartments, 88 single-family cottages, a health center with 28 assisted-living units, and a 60-bed nursing facility, Acts said.
For the year ended June 30, 2015, Westminster Village's tax-return showed, the community had $15.5 million in revenue and a net loss of $724,826. The facility, near Mobile, opened in 1983.
Based in West Point, Acts describes itself as the largest U.S. nonprofit operator and developer of continuing-care retirement communites. Before the addition of Westminster, Acts had 5,596 independent-living units, 902 assisted-living units, and 1,434 skilled-nursing beds, according a bond prospectus last summer.
No money changed hands in the deal for Westminster.