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Menorah Park CEO Jim Newbrough weighs in on diversifying to offset losses in Crain's Cleveland Busin

Posted April 29, 2019 in Articles

Author: Lydia Coutre

Philanthropic support also helps Menorah Park operate at break-even status, said Jim Newbrough, CEO of Menorah Park. The more than $1.9 million operating loss it reported in fiscal year 2017 is pretty typical in recent years, he added.

"An organization our size, even breaking even is not where you want to live," Newbrough said.

Diversification of services has helped the nonprofit organization in its sustainability. Menorah Park offers assisted and independent living, home care, hospice, adult day care, an aquatic therapy center and more, all of which help offset the shortfalls from the skilled nursing facility.

Original Article: https://www.crainscleveland.com/health-care/northeast-ohio-nursing-homes-are-diversifying-stay-afloat

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