After 51 years, Gold Medallion Senior Housing and Health Care has sold its five retirement communities and begun the process of dissolving.
MGM Healthcare of St. Louis purchased the communities, with three in Tulsa and two in Bristow, for more than $12 million. Each facility will continue to operate, and the 250 employees have been retained by MGM, said Diane Hambric, co-owner and president of the company.
Hambric said the company was originally founded in Bristow by her father, Joe Hamra.
“The family made the decision that it’s time to move on,” she said. “It’s bittersweet, since I’ve worked for the company for 30 years. I’m extremely proud of all we’ve accomplished as Gold Medallion.”...
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