Strength in Numbers: Partnering Up to Survive and Thrive
On March 26, 2019 by Jodi Boyne
New competition, the changing health care environment and other market pressures are causing not-for-profit providers to look to partnerships and mergers to grow, thrive and even survive. During last week’s LeadingAge Leadership Summit in Washington DC, Ziegler presented new data showing that scale and size are critical in today’s senior living marketplace and featured a series of examples of where not-for-profit providers are finding success.
According to Senior Housing News, 568 not-for-profit senior housing providers have changed owners or sponsors since 2010, with the for-profit section assuming more than 50 percent of that total.
So how can not-for-profit providers strategically plan their future?
For more insight, including insights from the recent “merger of equals” in Augustana Care and Elim Care, read More Nonprofit Senior Living Providers Partner Up in Senior Housing News.