In this article, we will discuss the 5 biggest nursing home companies in the US. If you wish to read the industry analysis, go directly to the 15 Biggest Nursing Home Companies in the US.
5. Life Care Centers of America
Number of Employees: 40,000+
Life Care Centers of America is one of the USA’s largest privately held long-term eldercare companies. The company operates in 28 states through 200 skilled nursing, rehabilitation, Alzheimer’s, and senior living campuses across the United States. Life Care Centers of America was founded in 1970 and is headquartered in Tennessee.
In 2021, the company had a net patient revenue of $1.93 billion. The company employs over 40,000 people.
4. Genesis Healthcare, Inc. (OTC:GENN)
Number of employees: 44,000
Genesis Healthcare, Inc. (OTC:GENN), along with its subsidiaries, is one of the biggest nursing home companies in the US that provide long-term and short-term care services including senior and assisted living, rehabilitation, and more. The 250 skilled nursing operations of the company are found in 22 states while affiliated operations responsible for a variety of rehabilitation services are available in 43 states throughout the US.
Since 2021, Genesis Healthcare, Inc. (OTC:GENN) has been implementing its market-focused model to gain momentum financially and serve the community better. The restructuring plans are going well as the company hired more than 1,000 people per month as of July 2022. Another reason behind operations running smoothly throughout the company is the division of departments into markets and creating leadership positions within each market.
3. Encompass Health Corporation (NYSE:EHC)
Number of Employees: 43,400
Encompass Health Corporation (NYSE:EHC) is a healthcare company that provides inpatient rehabilitation services, home health cares services, and hospice at its assisted living facilities. The company’s primary focus is on post-acute healthcare. Encompass Health Corporation (NYSE:EHC) provides its services in 36 US states and Puerto Rico, an unincorporated territory of the US.
In September 2022, Encompass Health Corporation (NYSE:EHC) announced the expansion of its Florida operations with the construction of Encompass Health Rehabilitation Hospital of Wildwood in The Villages, Florida. The rehabilitation hospital will consist of 50 beds with private patient rooms, a therapy gym, living suites, a cafeteria, a dining room, a pharmacy, and a therapy courtyard. Moreover, Encompass Health Corporation (NYSE:EHC) plans to open five hospitals in Florida over the next 3 years.
2. ProMedica Senior Care
Number of Employees: 56,000
ProMedica Senior Care is an Ohio-based senior care company with over 300 locations in the United States. The company has more than 50,000 workers and 19,000 of them have five years or more of tenure with the company. Furthermore, 51 employees have over 40 years of experience in the field, 550 have over 30 years of service, 2,600 employees have 20+ years of service, and over 10,500 have more than 10 years of service under their belt. ProMedica Senior Care is a non-profit company.
1. Brookdale Senior Living Inc. (NYSE:BKD)
Number of Employees: 58,400
Brookdale Senior Living Inc. (NYSE:BKD) is an assisted living company headquartered in Tennessee. It is one of the biggest nursing home companies with over 675 locations across 42 states. The company serves more than 60,000 residents.
Brookdale Senior Living Inc. (NYSE:BKD) reported its November occupancy at the start of December and recorded its consolidated occupancy at the end of the month as 78.1% compared to 78.4% in October. With the weightage occupancy increasing by 350 basis points YoY in November, Brookdale Senior Living Inc. (NYSE:BKD) recorded its 13th consecutive month of YoY weighted average occupancy growth.
Stephen Dubois’ Camber Capital Management was the biggest stakeholder of Brookdale Senior Living Inc. (NYSE:BKD) in the third quarter of 2022 with 16 million shares worth $68.32 million.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at the 10 Best Cryptocurrencies to Invest In According to Reddit and the 10 Best Performing Actively Managed ETFs in 2022.
