Business
Arboreta Healthcare, Inc. Provides Update to Shareholders, July 17, 2023
Arboreta Healthcare, Inc. Provides Update to Shareholders, July 17, 2023.
About this update from Arboreta Healthcare Inc.
[{"type":"text","content":"\n\n\n\nArboreta Healthcare, Inc. Provides Update to Shareholders, July 17, 2023\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nArboreta Healthcare, Inc. Provides Update to Shareholders, July 17, 2023\nPR Newswire\nSARASOTA, Fla., July 17, 2023\n\n\n\nSARASOTA, Fla., July 17, 2023 /PRNewswire/ --\n\n \n \n \n \n \n \n\n \nDear Valued Shareholder,\nArboreta Healthcare, Inc. (OTC PINK: ARBH) wants to share some information to our shareholders regarding several transitions within the company and how we are positioning ourselves as we move forward in a challenging healthcare industry.\nWe've experienced a trying past 12 months; however our goal remains to create a financially solid and operationally efficient company that provides quality service and delivery of care in the communities we serve.\nPARTNERSHIP WITH EVEREST MANAGEMENT SOLUTIONSTo support our continuous improvement efforts, Arboreta's board of directors has engaged in a two-year contract with healthcare consultants Everest Management Solutions to help continue our company turnaround. EMS specializes in developing strategies and solutions for the senior housing and long term care industry, and is currently working closely with Arboreta leadership to assemble a plan to move the company forward. The EMS team meets regularly with our leadership team, and Everest's Chief Operating Officer, Samantha Whittaker, has taken an active role in the day-to-day operation of our skilled nursing, rehabilitation, assisted living and independent living facilities.\n\"Everest Management Solutions is excited to have the opportunity to work with Arboreta Healthcare in a consulting capacity,\" Whittaker said. \"The Everest team brings significant long term care expertise and experience forward to work along with the Arboreta team in addressing the issues that are faced daily in long term care. We strongly believe that Arboreta will benefit from the partnership, and we look forward to working together for a positive future for the residents and team members that are served.\" \nLEADERSHIP TRANSITIONI...