RealPage, Inc.,a provider of on-demand software and services to the real estate industry, has entered the senior housing market with the acquisition of A.L. Wizard, a software and best practices company focused on the senior living industry. A.L. Wizard developed a nationally-acclaimed assessment method for resident acuity measurement and community management best practices.
According to Dirk Wakeham, executive vice president at RealPage, “We studied the senior living market for two years before approaching A.L.Wizard. We were most impressed by the enthusiastic endorsement of the company by their clients. When we dug a little deeper, it became clear that A.L. Wizard was able to consistently help operators increase revenue by $500 to $1,000 per unit per year by optimizing revenue from each resident, based on the creation and dynamic management of the assessment, staffing and billing process.”
“We’re excited to align with RealPage,” said Rose Lochmann, chairman and co-founder of A.L. Wizard. “They have excellent technology resources and they are committed to evolving our solution to meet the growing needs of our customers and the marketplace.”