Collectively, the country’s 150 largest not-for-profit senior living providers represent more than 257,600 units throughout the country. That is a significant service to this country’s senior populations, and it has been a privilege tracking the growth...
Chicago, IL (PRWEB) November 21, 2016
Ziegler, the nation’s top-ranked underwriter of not-for-profit senior living tax-exempt municipal bond financings, and LeadingAge, the nation’s largest association of not-for-profit aging service providers, released the 13th annual LeadingAge Ziegler 150 (LZ 150) today. This publication ranks and analyzes the nation’s largest 150 not-for-profit senior living providers of multi-site systems, single-site campuses, and government-subsidized multi-site housing.
“Each organization in the LZ 150 has unique characteristics and a compelling story to tell,” said Katie Smith Sloan, LeadingAge president and CEO. “These are stories of enlightened leadership; commitment to mission; accountability to consumers and community; and incubation of new service possibilities.”
The 2016 LZ 150 listing includes 11 new organizations, three of which are ranked in the top 10 largest not-for-profit multi-site senior living organizations, showcasing the tremendous recent growth of the sector.
Expansion is the primary growth method, with much of it taking place within existing campuses, as opposed to developing new ones. Roughly 1/3 of LZ 150 organizations are engaged in a formal joint venture, most commonly with another senior living provider, a health system, or a home health care agency.
In the last 10 years, the average annual growth rate in total units is 3%, with independent living and assisted living units growing each year, but decline in the number of nursing care beds. Additional areas of growth include:
● Memory care, with 77% of the LZ 150 now offering specialized memory care units.
● Home-based services, with 60% of the LZ 150 offering some type of home and community-based service to non-residents.
● Adoption of new technologies, with approximately 76% of communities owned by the LZ 150 using electronic point of care/point of service documentation systems; 80% using electronic health/medical records; and slightly more than 55% using care/case management and coordination software.
“Collectively, the country’s 150 largest not-for-profit senior living providers represent more than 257,600 units throughout the country. 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,” says Dan Hermann, senior managing director, head of investment banking at Ziegler.
To view the full report, please visit http://www.Ziegler.com.
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held, specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
The mission of LeadingAge is to be the trusted voice for aging in America. Our 6,000+ members and partners include not-for-profit organizations representing the entire field of aging services, 39 state associations, hundreds of businesses, consumer groups, foundations and research centers. LeadingAge is also a part of the International Association of Homes and Services for the Aging (IAHSA), whose membership spans 30 countries. LeadingAge is a 501(c)(3) tax-exempt charitable organization focused on education, advocacy and applied research.
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