Discovery Senior Living CEO Richard Hutchinson is preparing the company to grow its regionally-focused operating model in the years ahead. Hutchinson expects that 2025 will be “the year the shovels come out,” and Discovery has been approached by several lending groups regarding potential new development. But don’t expect Discovery to dive head-first back into building […]
The transformation of Discovery Senior Living in recent years has included rapid growth and the launch of various operating companies. With the creation of the Discovery Management Group (DMG) and a new credit facility from Comvest Credit Partners, the company is almost completely reorganized and ready to begin the next chapter, CEO Richard Hutchinson told […]
Discovery Senior Living has announced the launch of its latest operating company, Arvum Senior Living. The launch marks a “significant expansion” to Discovery’s multi-brand portfolio, and Arvum is managing properties in Illinois, Iowa, Kansas, Missouri and Wisconsin, according to a Jan. 22 press release. Arvum will serve as a local management company, with support and […]
