Sunwest sells facilities in Grants Pass, Rogue River

Retirement centers in Rogue River and Grants Pass are among 45 sites that Sunwest Management Inc. of Salem has sold as the company attempts to restructure its debt.

Morrow Heights on Wards Creek Road in Rogue River and The Suites on Southeast Parkdale Drive in Grants Pass now are part of the LaVida Communities system run by Senior Resource Group of Solana Beach, Calif.

Most of the sold properties had been financed by GE Healthcare Finance, which moved to foreclose on some of its Sunwest properties in July. The sale was part of an agreement with GE, which entered a forbearance agreement on additional properties it continues to hold.

The sale leaves Sunwest with about 200 properties, including 13 in bankruptcy, around the United States. Sunwest also said its chief executive, Jon Harder, has resigned. Harder filed personal bankruptcy Dec. 31.

An Eagle Point retirement center, Eagle Cove Retirement and Assisted Living, went into default in November and was not part of the transaction.

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