State regulators end enhanced scrutiny of Aldersgate’s finances

Move signals healthier outlook

The following article appeared in the February 6, 2026, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.

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The transition to new leadership at the east Charlotte retirement community is going smoothly, new owner says

Aldersgate’s 231-acre campus off Shamrock Drive in east Charlotte was originally called the Methodist Home and was founded as a retirement spot for retired ministers. It is affiliated with the Western North Carolina Conference of the United Methodist Church. (Photo by Kevin Young/The 5 and 2 Project)

The N.C. Department of Insurance says it is no longer closely supervising the finances of Aldersgate, the east Charlotte retirement community that hit a financial rough patch in recent years.

In September, Aldersgate became a part of Asheville-based Givens Communities and is now known as “Givens Aldersgate.”

In an email to The Ledger last week, a Department of Insurance spokesman wrote: “The administrative supervision of Aldersgate has ended.” He added that the state continues to regulate Continuing Care Retirement Communities, or CCRCs, which offer independent living, assisted living and skilled nursing care in one place.