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 […]
LakeHouse Senior Living
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 […]
This article available as part of your SHN+ membership Operator transitions have been making headlines over the last few weeks, with many of the handovers involving properties serving middle-market consumers in secondary markets. The recently announced transitions include: The backstories behind these transitions vary, but many of the communities involved are serving a similar consumer […]