Brightspire and The Well-Spring Group Announce Merger Agreement
Stephen (Steve) Fleming, president and CEO of The Well-Spring Group, and Timothy (Tim) Webster, president and CEO of Brightspire, will serve as co-President/CEOs of the new parent entity.
- Stephen (Steve) Fleming, president and CEO of The Well-Spring Group, and Timothy (Tim) Webster, president and CEO of Brightspire, will serve as co-President/CEOs of the new parent entity.
- Brightspire, formerly The Presbyterian Homes, has a 71-year history of providing housing, amenities and services for its residents.
- In the coming months, Brightspire and Well-Spring will perform additional due diligence and finalize the merger agreement by year-end.
- No layoffs are planned by either organization, but there will be consolidation of back-office functions after the merger is complete.