Despite a multitude of challenges facing the senior living industry, several not-for-profit providers made significant forward progress on the 2012 LeadingAge/Ziegler 100 list, with much of that growth led by independent living expansion.
“Similar to other recent years, 2011 did not fall short in providing its challenges to providers,” wrote Daniel Hermann, senior managing director at Ziegler and head of investment banking, in the report. “The nation faces healthcare reform, a housing market that is emerging from crisis, and a sluggish economy. As a result of these challenges, providers are looking to new and innovative ways to attract residents.”
While the number of assisted living and nursing care beds remained relatively flat, independent living units for the ten largest nonprofit systems began their “current trend of more rapid ascent” in the mid-1970s, according to LeadingAge/Ziegler, and are a notable driver in those systems’ recent growth.
The list is comprised of the largest not-for-profit multi-site systems providing aging services through senior living in the United States by order of their total owned market-rate units, as of Dec. 31, 2011.
Here’s the 2012 LeadingAge Ziegler Top 10:
- Evangelical Lutheran Good Samaritan Society (S.D.) – 18,934 units
- National Senior Campuses (Md.) – 17,197 units
- ACTS Retirement-Life Communities, Inc. (Pa.) – 8,130 units
- Presbyterian Homes and Services (Minn.) – 6,342 units
- Covenant Retirement Communities (Ill.) – 4,711 units
- Retirement Housing Foundation (Calif.) – 4,289 units
- Lifespace Communities, Inc. (Iowa) – 4,102 units
- Westminster Communities of Florida (Fla.) – 3,209 units
- Lutheran Senior Services (Mo.) – 3,203 units
- The Kendal Corporation (Pa.) – 3,132 units
Between 2011 and 2012, not much changed in terms of rankings for the ten largest providers, as the first eight maintained their standings from the previous year. However, 2012 welcomed a newcomer to the top: The Kendal Corporation, which rose to the tenth spot up from #17 last year.
The Pennsylvania-based nonprofit has nearly tripled in size in the last two decades, notes LeadingAge/Ziegler, and has grown through new community development and construction and affiliation with similar organizations—including Chicago’s The Admiral at the Lake.
Lutheran Senior Services also made a modest jump, up one spot this year to #9, pushing Presbyterian Senior Living, based in Pennsylvania with 3,119 units, to the eleventh spot.
Other notable movement in the top 50 nonprofit senior living providers includes Senior Quality Lifestyles Corporation, which gained significant ground by advancing to the 36 spot, up from #68. Calif.-based Eskaton saw a more modest rise to #37, compared to last year’s #43 ranking, while Concordia Lutheran Ministries made the Top 50 cut by advancing six spots to #46.
Click here to view the full list, along with other charts and data compiled by LeadingAge and Ziegler.
Written by Alyssa Gerace