Onelife Senior Living and Ally Senior Living Complete Merger

by Jeff Shaw

DENVER — Onelife Senior Living, a Denver-based developer and operator, and Ally Senior Living, a Texas-based operator, have merged.

The combined company manages 19 communities across eight states and will retain Onelife Senior Living’s name and branding. The companies began merger conversations in 2023 and the deal closed this month. Terms of the transaction were not announced.

Dan Williams, previously CEO of Ally Senior Living, and Zack Falk, previously CEO of Onelife, will lead the combined company. Executive team members from both companies will fill roles in the newly established entity.

Williams built his previous senior living company from the ground up, taking on management of 10 communities in his first 18 months. He will spearhead the operational side of the business while Falk focuses on real estate development and acquisitions.

The merger is designed to accelerate growth while maximizing the strategic advantage of each company. Onelife is now uniquely placed in the market with development, construction and operational capabilities.

Onelife recently entered several new markets, including San Jose, California and Happy Valley, Oregon. The company has plans to acquire approximately five communities in the next 12 to 18 months. Onelife also plans to continue offering third-party management services to select owners.

As part of the merger, Onelife has named Elliott Westerman chief financial officer. He was previously CFO of Ally. Westerman brings varied experience to his position as CFO, with expertise in commercial real estate investment, valuations, asset management, operations and seniors housing management. In the past few years, he has led various companies as CFO, including Ally Senior Living, Highgate Senior Living, The Hearthstone Retirement Living at Green Lake and Stafford Health Services.

You may also like