Operator Claiborne Senior Living is preparing for significant growth in 2024 after a successful 2023. CEO Tim Dunne has outlined plans to solidify staffing, improve operations, and expand the company’s portfolio.
The company aims to nearly double its current staff count, with a focus on community-level hires. To retain employees, Claiborne Senior Living has introduced revamped onboarding and compensation packages, as well as career progression plans.
Additionally, the company is eyeing acquisitions, development, and third-party management opportunities as part of its expansion strategy. Claiborne’s growth initiatives are supported by favorable market conditions, such as interest rate cuts and more realistic sellers in the senior living industry.
With plans to reach 20 communities by the end of 2024, including new independent living, assisted living, and memory care properties, Claiborne’s growth is poised to continue through various avenues. The company is also targeting the active adult market and third-party management partnerships to drive its expansion further.
