LeadingAge, Ziegler Release Top 150 Nonprofit Operators

by Jeff Shaw

CHICAGO and WASHINGTON, D.C. — LeadingAge, an association representing nonprofit seniors housing operators, and Ziegler, an investment bank specializing in bond financing for nonprofits, have released the 2016 edition of LeadingAge Ziegler 150. The document ranks and analyzes the largest 150 nonprofit seniors housing operators in the United States.

Ranked by total number of units as of the end of 2015, there were no changes in the top four providers from the previous year. National Senior Campuses finished first again, with 18,527 total units. The Evangelical Lutheran Good Samaritan Society finished second with 17,822 units. From there, the number dropped significantly — ACTS Retirement Services finished third with 7,933 units and Presbyterian Homes and Services finished fourth with 7,056.

Within the top 10, there are three newcomers: Benedictine Health, Ascension Senior Living and Trinity Senior Living Communities.

Presbyterian SeniorCare saw the largest increase in units in 2015, adding 479 units to a total of 1,593. The additions brought the company from 65th largest to 43rd largest on the list, the third largest jump in positioning.

BHI Senior Living marked the largest jump in position, going from 98th to 70th place. The company added 384 units during 2015 for a total of 1,179.

The report notes that the bulk of growth in the nonprofit sector was in expansion of existing campuses rather than new, ground-up development.

In the last 10 years, the average annual growth rate in total units is 3 percent, with independent living and assisted living units growing each year, but decline in the number of nursing care beds, according to the report.

“Collectively, the country’s 150 largest not-for-profit senior living providers represent more than 257,600 units throughout the country,” says Dan Hermann, senior managing director and head of investment banking at Ziegler. “That is a significant service to this country’s senior populations, and it has been a privilege tracking the growth of the sector over the past 13 years.”

Click here to view the full report.

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