The Herald Bulletin

Evening Update

Local Business

April 7, 2014

Redevelopment Commission OKs $200,000 loan

Geriatric care facility to open this fall

ANDERSON – The first step in providing a $200,000 forgivable loan for the opening of a geriatric care facility in The Flagship has been approved by the Anderson Redevelopment Commission.

The Redevelopment Commission on Monday approved the transfer of $200,000 to the Anderson Economic Development Commission to provide the funds to Assurance Health.

Greg Winkler, director of the city's Economic Development Department, said the City Council has to approve the loan. He said the loan will be considered by the council at the May 8 meeting or at a special council meeting.

He said the $200,000 is a forgivable loan over seven years with Assurance Health having to meet certain goals annually.

Kyle Small of Assurance Health said there are plans for 20 beds in 10 patient rooms at an existing building at 2725 Enterprise Drive.

Small said the facility will serve patients within a 45-mile radius of Anderson. He said most patients come from nursing homes and are older than 65 years of age.

“We’ve found a niche in the market,” he said.

Morris Long said the facility will see patients who have either been not treated or treated with overmedication or placed in a general psychiatric unit.

“We will treat people 65 and older in a common location,” he said. “We will provide therapy when needed and medication management.”

Long said the goal is to create a higher quality of life for the patients. He said the average stay will be less than 15 days.

The facility will create 52 jobs and the company is making a $3.2 million investment. The annual payroll has been estimated at $2 million.

Long said the geriatric care facility should be open by late fall or early winter.

The Anderson Board of Zoning Appeals in March approved a special exception for the facility. At the time the developers indicated there would be 10 patient rooms with private bathrooms, therapy areas, office space, a quiet activity room, group therapy and consulting rooms.

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