“We are excited for what this transition will mean for residents and employees on the SpringMeade campus, as well as for the larger community,” said Kevin Harlan, president of Premier Health’s Upper Valley Medical Center and Atrium Medical Center.
Premier Health first announced the sale in October, but the transition had already been taking place. Since January, Lebanon-based Otterbein SeniorLife has served as the managing partner of SpringMeade Health Center.
“SpringMeade is a great fit for Otterbein, and aligned ideally with the Otterbein’s faith-based mission to enrich individual life journeys for all,” said Jill Wilson, president and CEO of Otterbein SeniorLife. “This is a very special vibrant, active community with engaged residents and employees.”
Wilson is also the board chair for the Premier Health Board of Trustees. In June, it was announced that Wilson is serving as Premier Health’s representative on Wright State’s Board of Trustees as part of the new 30-year affiliation agreement between Wright State and Premier Health.
Staff at SpringMeade are already employed by Otterbein SeniorLife, Premier Health said.
SpringMeade Health Center’s appraised value is just less than $4.9 million, according to Miami County auditor records. The property includes more than 10 acres of land located on a 40-acre campus that includes SpringMeade Residence, a retirement community with coach homes for independent senior living, which is appraised at $10.3 million. Together, they sold for $15.8 million, according to auditor records.
In addition to selling SpringMeade, Premier Health transferred operations of Koester Pavilion, which is located on the Upper Valley Medical Center campus in Troy, to Vancrest Healthcare Centers earlier this year. Staff there are employed by Vancrest.
Premier Health employs more than 11,000 people, and its five hospitals include Miami Valley Hospital in Dayton, the region’s only level 1 trauma center. In addition, Premier Health provides care at its seven emergency departments, eight urgent care locations and more than 130 outpatient locations.
Otterbein SeniorLife is a senior care organization with locations throughout Ohio and in Franklin, Indiana. Otterbein serves over 7,500 seniors annually through 10 full-service senior continuing care communities, nine skilled nursing and rehabilitation neighborhoods, multiple home health and hospice care agencies, adult day care and a staffing agency.
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