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A Florida senior living community that was on the brink of closing has struck a deal to buy its property from bondholders and keep it open, the Tampa Bay Times reports.
The Yampa Valley Community Foundation reached a verbal agreement Friday to buy Casey's Pond from bondholders, saving the community from closing completely.
The foundation said they anticipate finalization of a contract to purchase the property through a quick close process, which will allow the continuation of the facility operating at a senior living community.
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.