Senior living company MorningStar has named Mark Andrzejewski as its first-ever president and Eric Spencer as its new CFO.
Andrzejewski is the former CEO of Alliance Physical Therapy Partners, a physical therapy company based in Grand Rapids, Michigan. As president of Denver-based MorningStar, Andrzejewski will lead the overall operations for the company, which has more than 30 senior living communities under management or development.
“He will work closely with the acquisition and development division of our company as we strategically build toward the future,” said MorningStar Founder and CEO Ken Jaeger in a press release about the hiring. “We couldn’t be more pleased to welcome a senior leader of his caliber to our team.”
For the past three years, Andrzejewski helped grow Alliance Physical Therapy Partners from 13 to 146 locations, and spearheaded four acquisitions, among other accomplishments. All the while, he managed the company’s divisional teams while scaling the growing firm’s culture. Before that, he worked as the president and CEO of Minimally Invasive Surgical Institute in Dallas, and the CFO of Laser Spine Institute in Tampa.
As MorningStar’s new CFO, Spencer will draw on experience gained during a more than 25-year career in finance and accounting. He is the former CFO of SALT Lending Holdings, a company that offers blockchain-backed lending and products. Spencer also was a senior vice president at Computershare Loan Services from 2013 to 2018.
Spencer is stepping into the role left by former MorningStar CFO Jamie Ranzan, who exited the company in April to become president at Denver-based Solera Senior Living. Ranzan first joined MorningStar in October 2016 as the company was beginning a sustained period of growth, she told Senior Housing News in a “Bottom Line” interview in December.
Andrzejewski and Spencer are joining MorningStar as the company is expanding into new markets, including its first community in Texas. That property is being developed through a partnership with prominent Houston-based developer Hines.