To predict the future of the senior living industry, one simply needs to examine the recent merger between Ally Senior Living and Onelife Senior Living, according to Dan Williams, the former CEO of Ally. The merger, finalized in late February and led by Williams and Onelife Founder Zack Falk, united two up-and-coming senior living operators after years of dialogue about their shared experiences navigating the challenges of the Covid-19 pandemic.
Now serving as CEO of Onelife, Williams believes that the future holds numerous opportunities for small to midsize senior living operators to merge in the years ahead. By consolidating, operators can leverage group purchasing organizations for better pricing, reduced food costs, and other cost-saving benefits to enhance the success of their facilities.
Onelife, headquartered in Denver, currently manages a portfolio of 19 communities, evenly split between owned and operated properties. Looking forward, Williams envisions exploring value-add opportunities, with plans to potentially acquire three new properties this year. One acquisition in the Las Vegas area has already proven successful.
Following the merger, executive teams from both Ally and Onelife have collaborated to integrate systems, incorporating the most effective practices from both organizations for maximum efficiency. As they focus on internal leadership development and recruitment to address turnover, Williams and Falk are committed to maintaining momentum and growth.
The success of the merger underscores the aligned vision and mission shared by both companies. The combined entity, operating under the Onelife brand, aims to be a purpose-driven organization dedicated to providing exceptional care for seniors and fostering a fulfilling work environment for employees. By aligning systems, processes, and values, Williams believes that Onelife can become a best-in-class operator without sacrificing growth opportunities.
In summary, the merger between Ally and Onelife marks a significant step forward in the evolving landscape of the senior living industry. Through consolidation, strategic growth, and a shared commitment to excellence, Onelife is poised to shape the industry’s future with purpose and vision. Subscribe to the Transform podcast for more insights and updates from industry leaders.
