Diversified Global Holdings Group Inc. has completed the acquisition of Banyan Development LLC. Under the terms of the acquisition, DGHG purchased 48 percent of the outstanding equity of Banyan Development.
Banyan Development has repositioned itself into an elder care management and investment company. The company’s first project in the elder care market will be the development of its flagship property, a 100-bed assisted living residence offering standard care options, as well as care for Alzheimer’s and other dementia disorders. This residential-inspired facility will be designed to adhere to the “Eden Alternative,” a principle-based philosophy that seeks to empower caregivers to transform the outdated institutional service delivery models into a homelike elder-centric community, whereby life revolves around continued contact with family, animals, the outdoors, and especially children.
