Editor’s Note: SHN Editor Tim Regan and SHN Reporter Andrew Christman collaborated on this article. This exclusive content is part of your SHN+ subscription, providing in-depth analysis and insights into the senior living industry.
Amid the challenges of 2024, senior living organizations are showing resilience and innovation in their operations. From new partnerships to strategic shifts, these companies are making waves in the industry. Here’s a closer look at some key players to watch this year:
1. **Lutheran Senior Services** (LSS)
Based in St. Louis, LSS has been making strategic moves, including announcing an affiliation with Diakon to create a new senior housing and care organization. With a focus on sustainable communities and evolving for the future boomer demographic, LSS is a company to keep an eye on in 2024.
2. **Retirement Unlimited, Inc.** (RUI)
RUI’s recent acquisition of Brandywine Living expanded its portfolio to 59 communities across multiple states, signaling significant growth. With strong backing from Welltower and visionary leadership from President Doris-Ellie Sullivan, RUI is poised for continued expansion and innovation in the senior living space.
3. **Onelife Senior Living**
Following a merger with Ally Senior Living, Onelife has established itself as a 19-community operator with a focus on value-add acquisitions and integration. The company’s growth strategy and commitment to operational excellence make it a provider to watch this year.
4. **Affinity Living Communities**
Affinity gained prominence through its partnership with Welltower, leading to the acquisition of a 25-property portfolio valued at nearly $1 billion. With a focus on wellness housing and expansion opportunities, Affinity is positioned as a key player in the industry.
5. **Gardant Management Solutions**
As one of the largest assisted living providers in the country, Gardant is at the forefront of offering middle-market rates for residents. With a unique business model that combines private pay and Medicaid waivers, the company is addressing the need for affordable long-term care options and workforce programs in the industry.
These senior living operators are paving the way for innovation and growth in 2024, making them essential to watch for industry trends and developments.
