BIRCH HILL TERRACE AFFILIATES WITH THE RIVERWOODS GROUP

FOR IMMEDIATE RELEASE – March 21, 2016, Manchester, New Hampshire – Today, Birch Hill Terrace, a non-profit charitable Continuing Care Retirement Community (CCRC) with roots in Manchester that go back 125 years, announced that its board voted last week to affiliate with The RiverWoods Group, a parent company of RiverWoods Continuing Care Retirement Community ( CCRC), based in Exeter, New Hampshire.

“The time is right for this move,” said Gary Zabierek, President of Birch Hill Terrace. “We are facing an unprecedented wave of boomers getting ready for retirement, bringing an increased demand for contemporary enhancements. This affiliation brings resources and fresh ideas that will help position us to serve both our current residents as well as the next generation.”

2015 President & Chairman's Letter

President and Chairman's Letter - By Justine Vogel and Bruce Mast - RiverWoods at ExeterThe following letter was published in the 2015 RiverWoods Annual Report. Current and past RiverWoods Annual Reports and Financial Statements can be found by clicking here.

Have you ever realized that something is only “unimaginable” until you imagine it? Opportunities, and risks, only become “real” when they occur or when you give them life through thought. Spending time “imagining” can lead to a world of worry, but it can also open up a world of possibilities.

Every day at RiverWoods, we talk about our commitment to providing Community and Peace of Mind. We think about how our founders took risks and thought about serving in a way and addressing a need that was bigger than themselves – and we work to that purpose. Providing the opportunity for Community and Peace of Mind is the heart of who we are as an organization; it’s our purpose, our Mission. For 21 years, we have done that through creating some truly fantastic CCRCs. It can be hard to imagine being anything different; particularly because we continue to operate with incredible operational success. The old adage of “If it ain’t broke, don’t fix it” tends to surface in these situations.

But this year we have stretched our thinking, “imagined” if you will, the various things we could and should consider as we face a growing need and a changing environment for older adults. We’ve talked more and more about the various ways that we can meet our Mission – we’ve talked with our residents, our staff and our Board. We listened and learned with and from those three groups, as well as various industry experts.

Resident Satisfaction Survey: RiverWoods receives high marks

resident survey results - RiverWoods at Exeter continues to receive high marksThe 2015 Resident Satisfaction Survey results were once again very favorable and place RiverWoods in the top tier of Continuing Care Retirement Communities surveyed nationally according to Holleran, a third party performance measurement company.This marks the 5th consecutive year that RiverWoods participated in the Holleran survey which allows RiverWoods to compare satisfaction against 301 other CCRCs nationwide.

RiverWoods at Exeter residentsMore than 80 percent of RiverWoods residents completed the survey which measures resident satisfaction using 55 factors, and of these, 34 have benchmark comparisons. RiverWoods scored significantly above the benchmark in 27 of those factors. Our highest scores were received in friendliness and courtesy of staff, confidence in the Nurse Practitioners, the opportunity to engage in a variety of suitable activities, the quality of Fitness Centers and programs, and the quality of the Transportation services. All of these factors and several others placed RiverWoods in the 90th percentile ranking of the 301 CCRCs surveyed.

Holleran also provides ‘Highest Honors Awards’ for factors that meet a specific set of criteria including overall resident satisfaction scoring at or above the 70th percentile, the factor score is significantly above the benchmark, and in the 90th percentile. Holleran regards a community to be ‘Best in Class’ if it receives 5 to 7 Highest Honors; RiverWoods received 32 Highest Honors Awards!

RiverWoods Future Resident Program Launches

In Early Spring of 2015, RiverWoods launched the Future Resident Program, developed in response to feedback from folks on our wait list. The goal of the program provide additional opportunities for people who have joined our wait list to stay connected to residents at RiverWoods. In fact, the wait list is now officially called the Future Resident Roster. Future Residents have formal name badges, similar to residents and are invited to participate in exclusive events designed to bring them closer to each other and current residents of RiverWoods.

RiverWoods Renews Major Charitable Partnership with Society of Saint Vincent de Paul Exeter

Outreach effort to culminate in October 2016 Gala fundraiser with fellow nonprofit.

Residents at RiverWoods Retirement Community have selected Society of Saint Vincent de Paul (SVdP) Exeter as the recipient of the retirement community’s two year partnership to culminate in a major fundraising Gala event in the fall of 2016 at RiverWoods in Exeter, NH.

From the first year RiverWoods opened, the community has held a fundraiser for another local non-profit. The most recent RiverWoods Gala Auction raised a record $100,000 for SVdP. The record breaking evening was held at RiverWoods Continuing Care Retirement Community (CCRC) in Exeter in October 2014 with more than 400 in attendance. RiverWoods staff and residents and SVdP volunteers donated hundreds of hours of time during the two year partnership.RiverWoods residents and auction volunteers pictured with the $100,000 check from the 2014 Gala presented by RiverWoods to Saint Vincent de Paul (SVdP). Left to right are RiverWoods residents Nancy DeLong, Sally Hollaman, Nancy Cameron, Nancy Taylor; Nancy Smath and Penny Teodorczyk of RiverWoods; Molly Zirillo and Cleo Castonguay of SVdP.

“Society of Saint Vincent de Paul Exeter fills a vital and growing need in this community.” said RiverWoods Outreach Committee Co-Chair, Penny Teodorczyk. “Our renewed partnership is an opportunity for RiverWoods residents and staff to make a positive and sustainable impact for Seacoast residents in need. Everyone involved in the partnership quite simply excels at helping people through donations and volunteerism. We’re excited to keep the momentum going for the 2016 Gala.”

RiverWoods Receives Upgrade to A- Fitch Rating

Landing in Top 2% NationallyRiverWoods at Exeter Upgraded to A- Rating

The national agency, Fitch Ratings, released their independent report on RiverWoods’ financial picture, and upgraded the community to A- status, which puts RiverWoods in the top 2% of Continuing Care Retirement Communities (CCRCs) nationwide.

Of the 1900 Continuing Care Retirement Communities in the U.S., the majority of which are non-profit, only 7 % are rated by professional financial rating firms. The reason for a community to undergo the grueling process of having their financial books rated by an outside agency is to establish their financial strength in relation to others on a national stage. This, in turn, helps the community gain more preferable borrowing rates from lending organizations.

Another advantage of having your debt rated is that an independent evaluation of the community’s financial picture provides an outside third party assessment.. Few CCRCs invite this type of evaluation and RiverWoods is the only CCRC in New Hampshire to achieve an A- rating.

2014 President & Chairman's Letter

President and Chairman's Letter - By Justine Vogel and Bruce Mast - RiverWoods at ExeterThe following letter was published in the 2014 RiverWoods Annual Report. Current and past RiverWoods Annual Reports and Financial Statements can be found by clicking here.

When we reflect on our 20th anniversary, it feels like we are at a new starting line, 20 years into a very long-term journey. RiverWoods was established to create and nurture community for seniors for the rest of their lives, and we make that long-term commitment every day. That being the case, 20 years is a big deal and a drop in the bucket all at the same time.

More than 30 years ago, our founders sat around a kitchen table and envisioned an option that didn’t exist in southern New Hampshire. What was critical to them was creating community and providing peace of mind for seniors – knowing that an option that reduced some of the burdens that go along with aging would allow people to live richer, fuller lives. They thought and talked and researched and persevered for 10 years – and from their work came a community that over the last 20 years has grown to be three campuses serving 620 residents and employing 478 staff. The RiverWoods community was their dream and in the words of co-founder Maryanna Hatch “It is better than I ever imagined.”

RiverWoods at Exeter CCRC Receives Top National Accreditation

Non-Profit NH Retirement Community in top 3% of Continuing Care Communities Nationwide.

ACCREDITED-CCRC-RiverWoods-Exeter-New-HampshireExeter, NH (June 19, 2014) – This week, RiverWoods announced their re-accreditation and placement in the top three percent nationally of Continuing Care Retirement Communities in the country, according to the national accrediting body for Continuing Care Retirement Communities, CARF-CCAC.  The news was released in RiverWoods’ recent Five Year Term of Accreditation report, which summarized the results of a multi-day on-site survey, conducted by an outside team of surveyors.

RiverWoods, which is celebrating its’ 20th anniversary this year, was one of the youngest CCRCs to achieve accreditation in 1998, just four years after opening the community’s first campus, The Woods. RiverWoods has been reaccredited every 5 years since that date. 

"Comfort, companionship, compassion in continuing care at RiverWoods CCRC"

IN THE NEWS img0023

RiverWoods: Retirement community keeps residents active until the time comes to transition to assisted living and end-of-life care.

RiverWoods at Exeter founders - GroundbreakingBy GRETYL MACALASTER, Union Leader Correspondent

(this story appeared in the Union Leader on 11/25/2013)

Exeter, NH — It has been 20 years since the vision of a handful of area residents became the reality that is RiverWoods Continuing Care Retirement Community (CCRC).

The vision was to provide a dignified way for people to retire, before they became inactive, and to provide continuing care through the end of their lives without burgeoning costs as their needs enhanced.

"There was a need locally, and that need was based on providing people a better way to be 75," RiverWoods Executive Director Justine Vogel said.

CCRCs Break Down Walls to Partner with Financial Planners

Retirement communities and financial planners: historically the two have not gone hand in hand. But a push for working together, rather than separately when planning for long term care—and paying for it—could work to break down the walls that have existed in the past.