Griffin Serves as Exclusive Financial Advisor to Diakon Lutheran Social Ministries

Company Overview
Diakon Lutheran Social Ministries (“Diakon”) has been a premier operator in the senior living industry since 1940, with more than 1,800 people employed across its various business units. Twining Village (“Twining”) is a Continuing Care Retirement Community (CCRC) located in Bucks County, Pennsylvania, acquired by Diakon in 2006. Twining’s campus is comprised of 155 senior independent living units, 115 personal care beds (including a 25-bed memory care unit) and 66 skilled-care beds.

Situation
Pursuant to its strategic plan, Diakon determined that the sale of Twining would better position it to continue expansion or enhancement of services in a number of its senior living communities in other markets.

Solution
Diakon engaged Griffin to manage a competitive sale process targeting selected strategic and financial buyers. Pursuant to the engagement and as a result of Griffin’s efforts, a private investor group, MED Healthcare Partners, with extensive experience in senior living, was selected. Despite the impact of the pandemic on the industry, the transaction closed on August 3, 2020.

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