Each year, Assisted Living Executive (a publication from the Assisted Living Federation of America) compiles a list of the largest senior living providers. This year’s list, released on May 25, 2011, takes a more comprehensive look by identifying the top for-profit owner-operators based on a combination of assisted living, independent living and memory care, including a breakdown of the top providers by category.
Emeritus Senior Living tops the list for the largest assisted living provider for second year in a row, but also earns the top position overall with a resident capacity of 51,725 residents. Emeritus solidified its position with a $1.2 billion joint venture earlier this year, partnering with Blackstone Real Estate Advisors and Columbia Pacific Advisors to acquire 144 additional communities from Sunwest Management, a move which bolstered its resident capacity by more than 16,000. The company added 33 additional assisted living communities to its roster in smaller transactions.
Another major player, Sunrise Senior Living, maintains the number two spot in the assisted living category and comes in fourth overall, after some restructuring in 2010. Sunrise downsized some of its assets and sold minority interest in 58 communities to Ventas, Inc., which already owns majority interest in the same properties. Sunrise Senior Living didn’t open any new communities in 2010, but boasted a 14% boost in operating income and finished the year with occupancies above 90 percent.
The top six assisted living providers include:
- Emeritus Senior Living
- Sunrise Senior Living
- Brookdale Senior Living
- Atria Senior Living
- Five Star Senior Living
- Merrill Gardens
Sunrise Senior Living tops the list among memory care providers, with Emeritus coming in second. Brookdale Senior Living earns the number two position among senior living providers overall, next to Emeritus. For a complete list of the top 80 senior living providers, check out the full article in Assisted Living Executive.
Image Copyright svilen001 on Stock.xchng