Fort Smith Nursing Home Execs Could Relocate To Texas

Golden Living is expected to publicly announce Thursday (Mar. 10) that the company will locate its corporate headquarters operation in Plano, Texas, but keep 500 — possibly more — employees at the company’s large office building in Fort Smith.

Golden Living is the nursing home and rehabilitation services chain formerly known as Beverly Enterprises, which was bought by a private equity firm and taken private in 2005.

The healthcare services company, which has more than 40,000 employees and provides nursing, rehab, hospice and other senior-care services, is owned by San Francisco-based Fillmore Capital Partners.

According to several sources with our content partner, The City Wire, many employees were told Wednesday (Mar. 9) of a reorganization plan that will place the company’s senior management team and support staff — between 150-200 jobs — in Plano (near Dallas). The move will leave about 500 workers at the 5-story, 318,000-square foot office complex in Fort Smith to function as administrative support for the company.

Reasons for the potential transfer: inability to recruit top talent to Fort Smith, larger airport facilities, and the possibility of selling the firm.

Michael Tilley with The City Wire has more in this report.