2017 LARGEST PROVIDERS
over the past three years,” says Hutchinson. The company will add another 1,500 units before year’s end. “Even with the growth, we have turned down far more opportunities than we have invested in over that same period, focusing more on the quality of the oppor- tunity and the fi t of the opportunity into our organization rather than the sheer numbers the opportunities may present. We are very conscious of the stress growth can place on an organization and we are very thoughtful about the types and locations of the communi- ties we add to the portfolio so that we don’t ‘get out over our skis.’” Similarly, Stellar Senior Living (No. 95), with 1,050 units, also
TOP 10 LARGEST MEMORY CARE PROVIDERS Rank Provider 1
2 3 4 5 6 7 8 9
10 Brookdale
Sunrise Senior Living Five Star Senior Living Senior Lifestyle Corp. JEA Senior Living Affi nity Living Group Atria Senior Living Life Care Services The LaSalle Group
Frontier Management
Memory Care Units
13,437 5,732 3,511 2,973 2,645 2,562 2,369 2,141 1,964 1,952
TOP 10 LARGEST CONTINUING CARE RETIREMENT COMMUNITY (CCRC) PROVIDERS
Rank Provider 1
2 3 4 5
Erickson Living
Life Care Services Brookdale
Five Star Senior Living Vi Living
6 Watermark Retirement Communities 7 8
Sagora Senior Living Senior Lifestyle Corp.
9 10
Senior Living Communities Benchmark Senior Living
CCRC Units
20,119 19,289 19,132 9,393 3,610 2,035 2,016 1,863 1,453
737 CCRC Properties
18 71
72 39 10 11
22 6 7
3 Note: Skilled nursing units not included in totals
Sunrise Senior Living Atria Senior Living
of the 115 Largest
Providers operate non-U.S. properties:
Hawthorn Retirement Group
Symerica Senior Living
Belmont Village Senior Living
properties properties properties properties property
60 29 5 4 1
takes a somewhat cautious approach, carefully adding proper- ties where it has made most sense for the family-owned company. “We’re opportunistic in growth. In 2012-2015 we acquired exist- ing communities,” says Stellar senior vice president Adam Benton. “For the last few years, we’ve been focused on construction with additions, remodels, and new builds. Our goal going forward is to maintain steady, stable growth over the next 30 years.” Perhaps one of the most obvious indicators of the continued
expansion of the senior living business is found among the smallest providers in the 2017 largest providers list. The company in the No. 100 spot this year, Schonberg Care, shows 973 units. Last year’s No. 100, SAL Management Group, reported a resident capacity of 434. SAL has now grown from 10 to 15 communities and 693 units and sits at No. 110, thanks to the addition of a number of providers to this year’s list, including Maplewood (No. 97), Symerica (No. 107), IntegraCare (No. 108), and others. The smallest provider, at No. 115, is New Forum with 426 units and three communities.
New Data Tracked The continuing care retirement community (CCRC) concept has re- emerged this year. Senior Living Executive tracked CCRCs for the fi rst time in the 2017 survey. Sixteen of the 115 largest providers operate CCRC communities, including Erickson Living, which reported more than 20,000 CCRC units; Life Care Services and Brookdale, which each reported more than 19,000; and Five Star, which reported more than 9,000 CCRC units. For residents, continuing care retirement communities can be an attractive option. Seniors can be assured care, regardless of their needs, including skilled nursing care. At Five Star, CCRCs are “true rental communities,” says Poyas.
“They are important to us because true service lines—independent living, assisted living, memory care, and skilled nursing—aren’t al- ways clearly defi ned. Our CCRC residents can continue to live on one campus with familiar staff and friends. CCRCs also allow couples and friends to stay together even if they need diff erent levels of care. As a provider, we are able to off er a wider range of services and care options in our CCRC communities, which helps attract residents who will stay with us longer.”
10 SENIOR LIVING EXECUTIVE / ISSUE 5 2017
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