Devon Manor sold to O’Neill Properties Group
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.