CHICAGO, Oct. 24, 2021 /PRNewswire-PRWeb/ -- Ziegler, the
nation's leading underwriter of financings for not-for-profit
senior living providers, and LeadingAge, the nation's largest
association of not-for-profit aging service providers in the
country, today released the 18th Annual LeadingAge Ziegler 200 (LZ
200) report.
This report is a ranking and analysis of the nation's 200
largest not-for-profit senior living organizations across the
country as of December 31, 2020. This
year's report represents more than 300,000 market-rate units and
1,600 market-rate communities across the country. It also outlines
relevant business trends in the industry to showcase the variety of
older adult services and offerings provided in this sector.
The 2021 LZ 200 listing shows that senior living providers have
grown primarily through community expansions from existing campuses
as well as affiliation and acquisition activity. Nearly 30 percent
of the total number of units for all senior living systems in the
LZ 200 are represented by the 10 largest providers.
The 10 largest not-for-profit multi-site senior living
organizations include:
1. National Senior Campuses – Wellesley, MA
2. The Evangelical Lutheran Good Samaritan
Society – Sioux Falls, SD
3. Acts Retirement Services, Inc. –
Fort Washington, PA
4. Presbyterian Homes and Services –
Roseville, MN
5. Ascension Living – St. Louis, MO
6. HumanGood – Pleasanton, CA
7. Trinity Health Senior Communities –
Livonia, MI
8. Lifespace Communities, Inc. –
West Des Moines, IA
9. Covenant Living Communities &
Services – Skokie, IL
10. Benedictine – Duluth, MN
The LZ 200 also showed that in the last 10 years, the average
annual growth rate in total units was 2.6 percent, with independent
living and assisted living units growing each year but decline in
the number of nursing care beds.
Other key areas of senior living industry trends, notable growth
and innovation include:
- Among the 1,600 market-rate communities, the largest proportion
(42%) are Life Plan Communities.
- When looking at the states with the highest proportion of LZ
200 headquarters, Pennsylvania
ranks first with 27 organizations. This is followed by Ohio (16), New
York (15), Minnesota (13),
Michigan (12) and California (10) organization headquarters
among the LZ 200.
- Of all the organizations represented in the LZ 200, roughly
one-third provide Affordable Housing for seniors, either through
units within a market-rate campus or via freestanding Affordable
Housing properties.
- Nearly half of all providers within the LZ 200 offer some type
of home and community-based service option. Home care is the most
common offering, following by home health and hospice care.
- Utilization of various technology-enabled solutions was
particularly driven by the pandemic throughout 2020. The LZ 200
organizations reported increased adoption of social
connectedness/resident engagement solutions and telehealth
platforms compared to 2019.
- The staffing crisis showed itself among the largest 200
providers throughout 2020. The average number of FTEs dropped to
882, compared to 1,095 in 2019 and 1,103 the year prior.
"This LZ 200 report is one of our most important publications in
helping inform the senior living & care industry during such a
critical year," said Dan Hermann,
President & Chief Executive Officer and Head of Investment
Banking at Ziegler. "As the industry strives to provide the best
care during the COVID-19 pandemic, these insights on the largest
not for-profit senior living organizations provide an opportunity
for providers and industry stakeholders to further adapt to this
challenging moment and provide the highest quality of care and
amenities for seniors when it is vitally needed today. Our hope is
that this LZ 200 can provide value and perspective for the entire
industry."
The LZ 200 report is developed annually through a partnership
between Ziegler and LeadingAge. It includes more than 200 providers
of multi-site systems, more than 150 single-site campuses, and
government-subsidized multi-site housing providers. Previously
known as the LZ 100 and LZ 150, the report was expanded in 2014
from LZ 100 to the LZ 150 and to the LZ 200 in 2018 in response to
the growing industry and increasing interest.
To view the full report, please click here.
About Ziegler:
Ziegler is a privately held, national boutique investment bank,
capital markets and proprietary investments firm. It has a unique
focus on healthcare, senior living and education sectors, as well
as general municipal and structured finance. Headquartered in
Chicago with regional and branch
offices throughout the U.S., Ziegler provides its clients with
capital raising, strategic advisory services, fixed income sales,
underwriting and trading as well as Ziegler Credit, Surveillance
and Analytics. To learn more, visit http://www.ziegler.com.
Certain comments in this news release represent forward-looking
statements made pursuant to the provisions of the Private
Securities Litigation Reform Act of 1995. This client's experience
may not be representative of the experience of other clients, nor
is it indicative of future performance or success. The
forward-looking statements are subject to a number of risks and
uncertainties, in particular, the overall financial health of the
securities industry, the strength of the healthcare sector of the
U.S. economy and the municipal securities marketplace, the ability
of the Company to underwrite and distribute securities, the market
value of mutual fund portfolios and separate account portfolios
advised by the Company, the volume of sales by its retail brokers,
the outcome of pending litigation, and the ability to attract and
retain qualified employees.
Media Contact
Christine McCarty, Ziegler,
3125961617, cmccarty@ziegler.com
SOURCE Ziegler