An Additional 56 Facilities in Texas since February 1, 2015 and Nine Facilities in Louisiana effective September 1, 2015 Puts Senior Care On Track For More Than One Billion in Annualized Revenue
DALLAS, Sept. 1, 2015 /PRNewswire-USNewswire/ — The operational acquisition of fourteen skilled nursing and assisted living facilities in Texas, effective February 1, 2015, thirty seven additional skilled nursing, assisted living and independent living facilities inTexas, as well as MBS Pharmacy, a closed-door pharmacy, effective April 1, 2015, and five new skilled nursing facilities in Texas, effective July 1, 2015, has catapulted Senior Care Centers, a statewide long term health care services company, to a leading market share in Texas, more than doubling the size of the company over the last six months.
In addition, and in partnership with Care Capital Properties, Inc. (“CCP”), Senior Care Centers marks its first entry outside of the Lone Star State and into Louisiana, effective September 1, 2015. The operational acquisition includes eight skilled nursing facilities, one assisted living facility, a rehabilitative therapy company, four hospice agencies, two hospice in-patient units, and an interest in a pharmacy provider.
“Senior Care Centers is the best path to senior health services in the state and gaining a leading market share in Texas is the direct result of our outstanding team members at every level of the company,” said Mark McKenzie, President and Chief Executive Officer of Senior Care Centers. “We will continue to uphold Senior Care Centers’ standards in Louisiana as we strive to meet and exceed patient expectations, while giving our team members numerous personal and professional growth opportunities. Senior Care Centers’ values-based, disciplined approach to achieving sustainable growth creates dynamic and exciting opportunities for our staff, our residents, their family members, and our stakeholders and business partners.”
Senior Care Centers’ trademark personalized care, overall high quality care ratings and company focus on staff training in the latest skilled nursing care strategies has strengthened its brand in Texas’ long term care sector.
CCP, a new publicly traded pure-play Real Estate Investment Trust (REIT) focused on the post-acute real estate industry, facilitated the transition of the Louisiana facilities to Senior Care Centers from the Gamble Guest Care Group LLC, a comprehensive provider of long term care services in Louisiana that provides an integrated long term care healthcare system. The family owned company has a decades-long legacy of providing superior senior care environments.
“From the start, Gamble Guest Care has taken a family-based approach to caring for Louisiana’s seniors,” said Kevin Gamble on behalf of the entire Gamble Family. “We have a first rate professional staff that treats each other with great respect and cares for our senior residents as if they are family. This is a seamless transition from one great company to another, and we are confident as we move forward that operations will flourish along with the quality of care provided by staff to Louisiana seniors.”
CCP, Senior Care Centers’ real estate partner in the Louisiana transaction, has a large and diversified portfolio consisting of more than 350 high-quality assets operated by quality private regional and local care providers. CCP currently owns properties in 37 states and has relationships with 42 operators.
“Our relationship with Senior Care Centers embodies everything we look for as we grow our business: a great operator delivering excellent care, leading in its markets, continuing to build out its continuum of care, and committed to building a strong, transparent relationship together,” said CCP Chief Executive Officer Raymond J. Lewis.
“Senior Care Centers, in the midst of exponential growth, is poised to continue this trend of acquisition with trusted partners who align with our business principles and goals and where appropriate opportunities exist,” said McKenzie. “We are in a very strong position, with the addition of hospice, rehab and long term care pharmacy acquisitions, to further diversify our operations and continue to build a robust long term care delivery system that extends across the country. With this additional growth we have created financial scale and operational leverage that we hope drives shareholder value and sustains profitable growth. We look forward to continuing to actively seek opportunities to acquire, operate and manage additional skilled nursing, assisted living and other healthcare related businesses across the United States through this growth period.”
Moreover, Senior Care Centers’ impressive track-record for driving innovation continues as this month the company launches the first phase of an 18-month implementation of a state-of-the art electronic medical record (EMR) program that will eventually be introduced in all Senior Care facilities.
“Senior Care Centers continues to increase our talent base, invest in upgrading our technology and enhance many of our clinical solutions to aggressively compete for a greater share of our market,” said McKenzie. “Senior Care Centers’ commitment to providing the highest quality of compassionate patient-centered care to Texas’ and now Louisiana’s long term care residents, drives our business strategies at every level,” said McKenzie.
Senior Care Centers provides care to more than ten thousand residents throughout the states of Texas and Louisiana, employs more than twelve thousand individuals, and in many communities, serves as one of the largest employers and contributors to the local tax base.
Senior Care Centers, LLC is a Dallas-based, long term care industry leader in Texas and Louisiana with uncompromising standards measured by defined clinical outcomes, customer service programs and financial sustainability. Senior Care Centers operates and manages more than 90 skilled nursing facilities and more than 10 assisted / independent living facilities in the states of Texas and Louisiana. Senior Rehab Solutions, MBS Pharmacy, SCC Hospice, and Nicoya Health and Wellness provide rehabilitation, pharmacy, hospice and wellness services, respectively, to both its facilities’-based patients, as well as its employees.