Integral, Discovery Partner to Become Fifth Largest Operator in U.S.

by Jeff Shaw

CARLSBAD, Calif. — Funds advised by Lee Equity Partners LLC and Coastwood Senior Housing Partners LLC, two specialized investment firms, have made an investment in Integral Senior Living Management (ISL). As part of the investment, ISL will partner with Discovery Senior Living and form the fifth largest seniors housing operator in the United States.

Lee Equity and Coastwood recently completed the recapitalization of Discovery Senior Living, which is led by CEO Richard Hutchinson. The investment in both companies by Lee Equity and Coastwood will create an opportunity to find synergies in systems and platforms that will allow the sister companies to better serve capital partners and residents, according to the investors.

Combined, the companies will manage approximately 27,000 senior living units with a presence in 36 states nationwide. Teams at both companies will identify best practices with the intention of advancing the quality of operations in the senior living industry while maintaining their own unique cultures and programs.

The executive teams of both Discovery and ISL will remain in place.

Blueprint Healthcare Real Estate Advisors served as exclusive advisor to ISL on the recapitalization.

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