Acquisition of long-term healthcare portfolio managed by Regency Integrated Health Services and transition to not-for-profit organizations creates funding for Life-changing career paths for those lacking opportunities By developing an innovative support ecosystem
BALTIMORE, September 21, 2022 /PRNewswire/ — The Jack and Nancy Dwyer Workforce Development Center, Inc. (“Dwyer Workforce Development” or “DWD”) today announced the $590 million acquisition of a Texas-based portfolio of 50 skilled nursing facilities managed by Regency Integrated Health Services (“Regency” and the “Regency Portfolio”). The Regency portfolio has approximately 4,400 employees and serves 4,600 residents. The Regency portfolio will be transformed from a for-profit to a not-for-profit organization under the terms of the agreement. DWD’s mission is to provide comprehensive support to those who lack opportunities and want to pursue a career in the healthcare industry, alleviate a serious healthcare workforce shortage and improve the lives of seniors.
Dwyer Workforce Development acquired Regency from multiple owners. Transitioning to a non-profit organization was the entrepreneur’s vision Jack Dwyer to end systemic poverty and address the growing workforce crisis plaguing the healthcare industry. This is one of the most significant transactions in addressing this crisis and delivering a full ecosystem of end-to-end services that provide the support needed to remove major roadblocks that typically impede the success of the underserved – and transform the lives of people in the program .
Dwyer Workforce Development is a unique 501(c)(3) not-for-profit organization providing free Certified Nursing Assistant (CNA) training, healthcare placement, and a path to life-changing careers industry. In collaboration with other not-for-profit organizations, partner human resource organizations and training partners, students – or “Dwyer Scholars” – complete their education, participate in clinical trials and then sit the Board of Nursing exam. Once certified, Dwyer Workforce Development places Dwyer Scholars in full-time positions through its extensive network of long-term care industry partners to support the workforce and improve the lives of seniors.
“This is a revolutionary approach that has been in the works for some time and we are very pleased that it is finally coming to fruition. We believe that great things happen when you give people the tools to change their lives,” he said Jack DwyerFounder, Owner and President of Capital Funding Group, Inc. “Dwyer Workforce Development is unlike any non-profit organization ever founded. We’re reinventing what it means to be a nonprofit because our solution isn’t one step, it’s comprehensive. A lot of people talk about making a change, but the difference is that we actually do it. We take action, not just donate money, and I am determined to keep investing my life to help others succeed.”
The most differentiating element of the DWD approach is the creation of its extensive ecosystem of support tools. As needed, Dwyer Scholars receive comprehensive services that include financial assistance for housing, childcare, transportation, and more. This forms a cohesive ecosystem where all needs for Dwyer grantees are met so they can focus on their education and secure an education that leads to a better life. Dwyer grantees work with case managers who work closely with them to identify career ladder goals that they need to achieve over several years to keep them on track for success. Upon achievement of these goals, Dwyer Scholars are awarded a full scholarship to pursue their Registered Nurse license or to pursue additional continuing education for other healthcare careers.
“Most people can’t say they’re really doing what they think they were born to do. I have always been passionate about helping people and serving the underserved; not only by giving them a voice, but also by helping them reach their full potential,” said Barb gossip, CEO of Dwyer Workforce Development. “I am thrilled to lead and work with this innovative non-profit organization Jack Dwyer to change lives. This partnership demonstrates the impact we can have on the lives of others and the health community by working together on a common mission. This is just the beginning of many partnerships across the country that will have a monumental impact.”
The day-to-day operations of Regency portfolio facilities will not change, nor will staff roles or policies and procedures. Through the partnership with DWD and new nonprofit status, the two organizations will expand their commitment to patients, residents, staff and communities as they work together to train Dwyer grantees and place them in facilities across the state — not exclusively Regency facilities – provide case management and service support and more.
Dwyer Workforce Development originally started in Maryland and by the end of this year, 250 scholars will be enrolled in the program. Many grantees are already fully qualified and active in the healthcare industry, helping to address the healthcare workforce shortage. The DWD is currently accepting applications for Dwyer Scholars Texas and Maryland. Learn more about Dwyer Workforce Development at www.dwyerworkforcedev.org and apply to be a Dwyer Scholar here.
The Jack and Nancy Dwyer Workforce Development Center, Inc. is a unique 501(c)(3) not-for-profit organization with a mission to provide comprehensive support to individuals who are lacking opportunities and who are pursuing a career in the healthcare industry to make a difficult transition Healthcare workforce alleviate shortages and improve the lives of seniors. Dwyer Workforce Development was founded in 2021 by Jack Dwyer, his wife Nancy and their daughters Emily and Kelsey. A businessman, philanthropist and entrepreneur, Dwyer owns Capital Funding Group, a full-service provider of comprehensive financing solutions to healthcare facilities nationwide. With his presence in the industry and commitment to making a difference in the lives of others, Dwyer is redefining what it means to give back by creating new career opportunities for those who don’t have opportunities, reducing medical staff shortages and improving elder care , all in one .
CONTACT: Carson Denbow
E-MAIL: [email protected]
SOURCE Personnel development at Dwyer