In response to changing market and industry conditions surrounding licensed care, Oakmont Senior Communities has sold its interest in both Oakmont Rochester Assisted and Oakmont Sterling Assisted, the company’s only care-oriented facilities, to Pomeroy Living – a silent partner and joint-owner of the communities. Also included in the sale was Oakmont Rochester Independent.
Pomeroy Living, who also operates Boulevard Health Center on the campus of the Oakmont Rochester Communities and is a silent partner in all three properties involved in the transaction, was a natural fit for the sale.
“When the opportunity was presented for Pomeroy to purchase these communities outright from Oakmont and take over the day-to-day management duties, everything fell into place,” said Armen Kalaydjian, Oakmont’s owner. “The care communities will continue to operate at the highest level thanks to Pomeroy’s track record of success in licensed buildings, and Oakmont Senior Communities can refocus on what we do best: serve Metro-Detroit seniors with exceptional independent and enhanced living communities.”
The transfer of ownership has taken effect as of January 1st, 2019.
As the sole owners and operators of Oakmont’s Northville, Livonia, Manor, Parkway, and Sterling communities, Oakmont Senior Communities will continue to be a large presence in the senior living market place and build on its reputation of industry leading innovation for Michigan’s seniors.
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Oakmont Senior Communities is a family-owned, Michigan-based company that has served the seniors of Metro Detroit for more than two decades with locations in Clinton Township, Northville, Livonia, and Sterling Heights. Their corporate headquarters are located in Southfield.