Stephen Fleming, the co-CEO of the state’s largest not-for-profit senior living organization, Kintura, is stepping down after working 40 years in aging services, Kintura announced Tuesday.
Fleming, who has led The Well-Spring Group since 2000, will retire from Kintura at the end of this year. His departure will occur more than a year after The Well-Spring Group and Brightspire merged on Sept. 30, to create Kintura, bringing together a portfolio of five continuing care retirement communities throughout central North Carolina, as well as other services for older adults.
“Enough time has passed, now, to ensure the successful launch of Kintura, and the dust has settled,” Fleming said in a release. “And the time is right for me professionally and personally to make this change.”
Upon Fleming’s departure, Co-CEO Timothy Webster be the sole CEO. Like Fleming, Webster had also been CEO of Brightspire before the merger.
Well-Spring had assets of $42.1 million at the end of 2023, while Brightspire had assets of $91.7 million. Kintura has not filed an IRS report required of nonprofits since its merger.
Kintura serves more than 3,100 residents and employs more than 2,100 people. The Greensboro-based nonprofit owns five so-called “life plan” communities (Well-Spring in Greensboro, River Landing at Sandy Ridge in Colfax, Glenaire in Cary; The Village at Brookwood in Burlington and Scotia Village in Laurinburg); manages one life plan community (Friends Homes in Greensboro), offers home- and community-based services for older adults, in particular adult day and group respite programs for those with dementia; holds a partnership in two affordable housing communities in Raleigh (Milner Commons and Capital Towers); is the majority partner in PACE of the Triad, a focused program for all-inclusive care for the elderly serving Forsyth, Guilford, Rockingham, Stokes and Surry counties; and has a one-fifth ownership stake in Trinity Rehab, a therapy company based in Dunn.
Fleming started as president and CEO of Well-Spring Retirement Community in July 2000. Under his leadership, the organization added The Well-Spring Group, a full network of services for older adults.
A native of Mount Airy, Fleming has a bachelor’s degree in public health from UNC Chapel Hill and an MBA from Appalachian State University. Early in his career, he worked at the former Presbyterian Homes and Friends Homes retirement communities in the greater Greensboro area.
“It has been the honor of my life to create community among older adults, while ensuring that they have been cared for and had the opportunity to make the most of this part of their lives – as well as to support their loved ones during what is often a critical and challenging time,” says Fleming.