Friend­ship Senior Options will retain own­er­ship of Green­Fields and is final­iz­ing the community’s refinancing.

Friend­ship Senior Options (FSO) is pleased to announce that it will retain own­er­ship of Green­Fields of Gene­va and is cur­rent­ly final­iz­ing the com­mu­ni­ty’s refinancing.

In July, the bond trustee con­firmed that FSO will retain con­trol of Green­Fields pur­suant to a plan of reor­ga­ni­za­tion to restruc­ture its debt. FSO and the bond trustee expect that the plan, pur­sued over the last 24 months, will be final­ized by the Court this fall.

We are pleased with this out­come which puts Green­Fields on a sound finan­cial foot­ing and enables the con­tin­ued employ­ment of our asso­ciates and pro­vi­sion of out­stand­ing ser­vice to our res­i­dents.” said Stephen A. Yenchek, pres­i­dent and CEO of Friend­ship Senior Options. We’d like to thank our Green­Fields fam­i­ly, includ­ing our neigh­bors through­out the Fox Val­ley, for their sup­port and assis­tance as we worked through this process. Through­out its his­to­ry, Green­Fields has pro­vid­ed the best in ser­vices and a wel­com­ing home for seniors. We are excit­ed to con­tin­ue this tra­di­tion for years to come.”

In 2010 the 75 and old­er pop­u­la­tion was 19 mil­lion. By 2020 the num­ber is pro­ject­ed to reach 66 mil­lion.

—Administration on aging