Devon Manor sold to O’Neill Prop­er­ties Group

Daily Local News (West Chester, PA) - - LOCAL NEWS - By Linda Stein lstein@21st-cen­tu­ry­media.com @lstein­re­porter on Twit­ter

Devon Manor, a nurs­ing home and re­ha­bil­i­ta­tion cen­ter, has been sold.

A source told The Main Line Sub­ur­ban Life that let­ters have gone out to em­ploy­ees telling them that they will be laid off and to res­i­dents and their fam­i­lies telling them to find an­other place to live.

“HCR ManorCare, has made the de­ci­sion to sell Devon Manor, lo­cated at 235 Lancaster Ave., a fa­cil­ity op­er­at­ing un­der the com­pany’s um­brella,” ac­cord­ing to Julie Beck­ert, a spokes­woman. “We are com­mit­ted to mak­ing this tran­si­tion as smooth as pos­si­ble for ev­ery­one in­volved.”

Of­fi­cials con­firmed that Devon Manor is un­der con­tract with O’Neill Prop­er­ties Group, but CEO Brian O’Neill de­clined to com­ment Tues­day.

O’Neill founded Re­cov­ery Cen­ters of Amer­ica, or RCA, and an­nounced plans last year to build seven of the ad­dic­tion treat­ment cen­ters in the Mid-At­lantic and North­east, in­clud­ing one in Paoli. The com­pany also an­nounced it had raised $231.5 mil­lion from Deer­field Man­age­ment Co., a New York-based health care in­vest­ment firm with more than $5 bil­lion un­der man­age­ment, ac­cord­ing to pre­vi­ous re­ports. RCA planned to cre­ate one of the world’s largest ad­dic­tion treat­ment and be­hav­ioral health care com­pa­nies.

Chris Po­lites, chair­man of the Easttown Board of Su­per­vi­sors, said that he has not seen any plans for the Devon Manor prop­erty, as yet.

“It’s in a quiet cor­ner of the town­ship,” said Po­lites. “This is a very de­sir­able area, Devon, Ber­wyn, Easttown Town­ship and I guess the de­vel­op­ers are tak­ing note.”

O’Neill Prop­er­ties Group, based in King of Prus­sia, builds res­i­den­tial, com­mer­cial and re­tail de­vel­op­ments.

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