LTC Legal Counsel and Affiliations with Glenn Fox, Executive VP of ACTS Retirement-Life Communities, Inc.

LTC Affiliations and Acquisitions

On this episode of the LTC Heroes podcast, Glenn Fox, Executive
VP - Legal, Compliance, Risk Management, and General Counsel at
ACTS Retirement-Life Communities, sits down with us to share his
legal and financial expertise in the LTC industry.


Glenn outlines the differences between non-profit LTC
acquisitions and affiliations, describing why organizations would
choose one over the other, or a combination of both. He discusses
the main reasons organizations would want to be acquired or
become affiliated, which includes needing financial assistance
and guidance when there’s a change in management.
LTC Legal Counsel

Glenn shares the importance of mission compatibility when
affiliating with an LTC organization, and why proper management
is needed at all levels of the affiliation to ensure its success.


He also brings up the point that affiliations take time. Both
sides need to be comfortable and working from a place of trust in
order for the process to run smoothly.


If you’re an organization looking for the right legal counsel on
affiliations, Glenn recommends finding counsel that has
experience working with your type of organization, or someone
that is willing to help you find the experts you need.


Learn more and sign up to be notified about future episodes at
LTCHeroes.com
Rapid Fire Q/A:

What kind of valuable and actionable advice can LTC lovers and
listeners expect to learn from you today?


An understanding that if there are issues that your organization
is facing, there are people and organizations out there that have
faced similar issues.


What is one lesser-known book, newsletter, or industry resource
you go to for up-to-date LTC info?


Anything by McKnight’s Long-Term Care News, LeadingAge.org, and
topic-specific searches on Google.


Name one mentor in the LTC industry that is active on social
media or Linkedin that inspires you and that the rest of us
should be following because of their contribution?


If you’re talking about individual areas I’d have to recommend
the Leading Age again, and for other items like inspiration,
people like Simon Sinek and his book, Leaders Eat Last.


If you were to start working tomorrow in the LTC industry, day 1,
but with the same knowledge and wisdom you have today, what
advice would you give to your younger self?


Be sure to use common sense and look at the big picture, it is so
important. Also, I tell young attorneys that they will never know
all the answers. Figure out whether you have good instincts or
bad instincts. If you have good instincts, go with them; if not,
figure out an alternative.
Resources:

https://www.mcknights.com/


https://www.linkedin.com/in/glenn-fox-03621678/


https://leadingage.org/


Leaders Eat Last - Simon Sinek


https://www.actsretirement.org/