Every day the need for assisted living and memory care communities increases for individuals of all incomes. An innovative approach to this situation is needed and Innovation Senior Management can provide that perspective.
Innovation Senior Management can provide a suite of consulting services that can assist you in the acquisition, conversion or the construction of a new assisted living community.
Innovation Senior Management can offer assistance in selecting and evaluating senior living acquisition targets. We have a due diligence team to evaluate the community operations including: business office, resident care services, food service, sales and marketing, information systems, maintenance and housekeeping, activity and transportation programming, and more.
During due diligence we also evaluate the physical plant, the market and the competition. We have expertise with under-performing and distressed assisted living properties. We can provide community intervention and turnaround services which include transition and correction plan development, change of ownership licensing, income enhancement and expense strategies and preparation of a community for sale.
Innovation Senior Management is well versed in the development of operational proformas. Financial forecasting is critical when considering a new acquisition. We use our revenue and expenses standards to provide reliable benchmarks for future operations.
The market for seniors housing has greatly expanded. Yet the industry has generally focused on higher-income people. Currently services are out of financial reach for 8 million middle income seniors. By 2029, there will be 14.4 million middle income seniors in the United States. Half of them will not have sufficient financial resources to pay for services and products.
With our strategic partners, we have developed a prototype to build an affordable middle market senior living community to meet the rising demand of the middle-income senior population. As a middle market operator, we have expertise in controlling operational costs. With out strategic partnerships, we bring expertise to controlling construction and building costs that is essential to the middle market solution.