Ally Senior Living has recently merged with Onelife Senior Living, resulting in a combined company with a total of 19 communities across eight states. The newly formed company, which will operate under the Onelife Senior Living name, is poised for growth through ownership acquisitions and third-party management contracts.
Former CEO of Ally Senior Living, Dan Williams, and CEO of Onelife Senior Living, Zack Falk, are now co-leading the merged company. With the completion of the merger, a workforce of 1,400 employees now operates under the Onelife banner.
The decision to merge stemmed from shared business philosophies between the two companies, particularly in the areas of resident care, employee engagement, and workplace culture. Williams highlighted the complementary expertise of both companies, with Ally focusing on operational aspects and Onelife exceling in development, financing, and capital.
Moving forward, Onelife will concentrate on acquiring senior living communities, specifically in memory care and higher acuity care types like assisted living. The company is also working towards integrating systems, adding new communities, and pursuing selective acquisitions and management contracts.
Williams emphasized the importance of cautious growth, aiming for three-to-four value-add acquisitions in 2024 while maintaining a focus on regional density in key markets. Onelife remains well-capitalized and prepared to actively pursue opportunities that align with their strategic objectives.
In alignment with their commitment to needs-based care, Onelife plans to prioritize assisted living and memory care in their future development efforts. With a strong presence in the Midwest and recent expansions in Oregon and Illinois, the company continues to explore growth opportunities in major metropolitan markets.
As of September last year, Onelife reported a 90% occupancy rate across their portfolio, underscoring their commitment to stability and recovery in the senior living sector.
