Columbia Pacific’s China-based affiliate Cascade Healthcare—supported by a well-known U.S. operator—recently opened its second senior living community as part of a $100 million senior care pipeline in the works in China.
Cascade, backed by the U.S.’s largest assisted living provider, Emeritus Corp. (NYSE:ESC), partnered with Chinese developer Sino-Ocean Land to develop a pipeline of senior living projects. Cascade is not publicly disclosing the cost per project for its $100 million pipeline, some of which will be done in partnership with Sino-Ocean Land.
The new community, Senior Living L’Amore–Kaijian, is the partnership’s first completed project. The 60,000-square-foot residential care facility has 110 beds and is located in Beijing.
In October 2012, Cascade Healthcare opened its first senior care community in China, Shanghai Kaijan Huazhan Senior Care Service, a 50,000-square-foot, 100-bed project. The community was the first foreign-owned senior care facility to open in China, as Cascade is the first fully-licensed senior care company in China with foreign investor backing.
Dan Baty, the founder of Columbia Pacific Management, is also the chairman of Emeritus’ board and the company’s former CEO.
Emeritus is providing the Columbia Pacific affiliate with support in planning and layout; interior design and furnishings; selection and purchasing of speciality equipment; training of facility executive directors, nurses, and caregivers; development of operating policies and procedures; and successful integration of hospitality and healthcare services.
Cascade will be opening its third senior care community in the Pudong District of Shanghai this fall.
Photo credit: Sino-Ocean Land
Written by Alyssa Gerace