The Senior Living Transformation Center will be established at a
community in Brentwood, TN and will serve as a showcase for a
new technology-enabled model of care for senior living.
ATLANTA, Sept. 26,
2023 /PRNewswire/ -- The Senior Living Transformation
Company ("SLTC") is pleased to announce its first acquisition of a
113 unit Assisted Living and Memory Care community in partnership
with Omega Healthcare Investors (NYSE: OHI). The Senior Living
Transformation Center, known as The Rivers at Maryland Farms, is
the first acquisition and demonstration pilot for the newly formed
partnership. The objective of the partnership is to create both an
innovation center for technology and data solutions for the senior
housing industry and to demonstrate a new model of care within
senior housing.
The Senior Living Transformation Company was recently formed by
leading senior living and technology investor Arnold Whitman, longtime owner and operator
Chip Gabriel, seasoned investment
executive Cory Bennett, and
Joelle Poe, a healthcare and product
executive, with the mission to transform senior living through the
convergence of real estate, care, and technology. "The senior
living industry has been challenged during the last few years by a
global pandemic, severe workforce shortages, supply chain
interruption, inflation, capital market issues, and shifting
demographics in the customers we serve," said Whitman. "With many
operators focused on fundamentals in operations, we will provide
care and economic value through innovation to address the
challenges we face as an industry today so we may continue to serve
seniors well into the future."
Whitman added, "In our model, the acts of caring and culture
come first. The use of data and technology should supplement and
improve the care and cost for the senior population, while
fostering human connectedness."
To achieve this mission, SLTC will partner with service and
solution providers in the senior living industry to accelerate the
adoption of technology and demonstrate how programming and care for
seniors in communities also creates value in the real estate
investment. SLTC is working with partners to define and establish
new standards for measuring performance and quality in senior
living, based on data and insights generated from pilots. The
Senior Living Transformation Center will serve as a testing ground
to help providers hone their solution offerings and measure
outcomes by working closely with residents, their families, and the
community staff.
About Senior Living Transformation Company:
Founded by industry veterans Arnold
Whitman and Chip Gabriel in
partnership with investment executive Cory
Bennett, and healthcare leader Joelle Poe, the SLTC is an investor in senior
housing that seeks to move the industry forward in the aftermath of
the COVID-19 pandemic. Most recently Managing Director of Formation
Capital, Bennett will lead the investment efforts while Whitman and
Gabriel will offer vision and expertise in technology, operations,
and development. Joelle will lead the strategy and
operationalization of this vision. With record amounts of capital
being allocated towards technology innovation in senior care and
senior housing, SLTC is the guide that combines the nearly 90 years
of relevant experience of its principals and partners to help
founders and investors alike. When better solutions and models
prevail, residents live longer, fuller, and happier lives and
investors see an attractive, long-term risk-adjusted return.
Contact:
Cory Bennett
Chief Operating Officer and Partner
Senior Living Transformation Company
info@sltc.llc
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SOURCE Senior Living Transformation Company