LifeSpire to Assume Ownership of The Summit

LifeSpire to Assume Ownership of The Summit

July 23, 2021

LifeSpire of Virginia is pleased to announce that it has signed an agreement with Centra to assume ownership of The Summit, a life plan community in Lynchburg.  Centra’s decision to sell The Summit created an opportunity for LifeSpire—formerly Virginia Baptist Homes—to broaden its presence, expand its mission and serve a new market. 

“We’re excited to welcome The Summit into the LifeSpire family. The Lynchburg region shares our strong Christian heritage and The Summit’s faith-based roots are well aligned with LifeSpire’s history of serving seniors since 1945. We welcome residents of all faiths and we honor and respect diversity,” said LifeSpire’s President and CEO Jonathan Cook. “The LifeSpire team looks forward to engaging with the Lynchburg community and The Summit’s residents and team members as we expand our mission of empowering individuals with choices in purposeful living.” 

Lifespire will own and manage The Summit’s independent living and assisted living neighborhoods. The Summit’s nursing home is being acquired by Cascade Capital and will be operated by Hill Valley Healthcare. LifeSpire and Hill Valley Healthcare have entered into a Cooperation Agreement that provides guaranteed access to skilled nursing care for residents of The Summit.   

The addition of The Summit to the LifeSpire family of communities reflects one of LifeSpire’s strategic goals to increase scale through smart growth as the organization strives to deliver best-in-class programs, services and care to all LifeSpire residents.  

“Our leadership team is looking forward to working with and learning from The Summit’s team as the community is integrated into the LifeSpire family,” said Cook. “We plan to build on The Summit’s success with added operational efficiencies, management expertise and new opportunities for career growth.”

Centra will continue to own and operate The Summit until closing, which is expected to occur in the fall of 2021.

About LifeSpire of Virginia

LifeSpire, based in Glen Allen, Virginia, is a not-for-profit organization serving seniors since 1945. The LifeSpire family includes four life plan communities—Lakewood in Richmond, The Chesapeake in Newport News, The Culpeper in Culpeper and The Glebe in Daleville—as well as Lakewood at Home, a community-based continuing care program, and the Virginia Baptist Homes Foundation which is primarily devoted to fundraising for all of LifeSpire’s communities and through its four funds—benevolence, crisis, education and spiritual life. LifeSpire serves more than 1,400 residents and employs nearly 1,100 team members.