Construction crews are putting the finishing touches on a more than $1.5 million project at Summit City Nursing and Rehabilitation, 2940 N. Clinton St.
Acquired by Indianapolis-based American Senior Communities last March, the two-story complex has undergone a complete overhaul, officials said Wednesday. The changes include new flooring, walls, furniture, windows and other improvements to the facility’s various wings.
Besides rehabilitation, the nursing complex offers services for Alzheimer’s and dementia patients, long-term, hospice and respite care.
David Alexander, director of operations for American Senior Communities, would not disclose the sum paid for the operation. County records assess the property’s value at nearly $3 million.
There are still a few things yet to be done, Alexander said of the 42,150-square-foot center, which has an 80 percent occupancy rate with 70 residents. We expect to be done by mid-fall.
U.S. census figures show that 12 percent of the Allen County population is 65 years or older, but the number in all likelihood will grow based on national estimates.
According to industry estimates, only about 8 percent to 10 percent of consumers who could benefit from (long-term care) insurance have it, Kirk Bennett, an agent with DeHayes Group and LTC Financial Partners of Fort Wayne, said in a statement Wednesday. This is in stark contrast to the need.
The assumption that Medicare can pay for long-term care plus the perception of high cost may be holding millions back, he said.
Lamplight Inn of Fort Wayne, which opened to residents two years ago, also is in the midst of making at least $1 million in renovations at its downtown assisted-living center, 300 E. Washington Blvd. The Toronto, Ohio-based company has spent $4 million converting the former Fort Wayne Hotel and Conference Center. The facility serves 111 residents.
Lamplight targets people who can care for their own needs but may require some help. Residents occupy studios and one- and two-bedroom units and receive meals and general assistance such as reminders to take their medicine.