A newly repositioned investment company, SPHERE Investments, plans to invest $300 million or more in the senior living industry in 2024. This strategic move comes after SPHERE repositioned from Flagler Healthcare Investments to focus on properties and companies beyond traditional healthcare infrastructure.
SPHERE’s Founder and CEO, Didier Choukroun, stated that the company’s primary focus is on investing in senior living operators and acquiring senior living properties. With a portfolio spanning medical office buildings, outpatient surgery centers, and long-term acute care hospitals in 15 states, SPHERE is also looking to expand into workforce and general housing.
One of SPHERE’s key strategies is utilizing a robust data platform acquired in 2014. This platform provides comprehensive data sources and algorithms to offer actionable insights to operators, ultimately aiming to improve resident outcomes and optimize decision-making processes.
Choukroun’s vision for SPHERE goes beyond traditional investment strategies. He aims to revolutionize the business model by partnering with senior living operators, offering not only financial investments but also access to data services to enhance resident care and drive profitability for all parties involved.
With a focus on building a portfolio managed by its invested operators, SPHERE is poised to create a new paradigm in the senior living industry, prioritizing resident wellness and preventive care as key drivers of success.
