The Big Picture: Not-For-Profit Vs. For-Profit Senior Living

Recorded March 8, 2012

Times are changing and an in depth comparison between not-for-profit and for-profit business models is now crucial. Though they are traditionally thought of as having more similarities than differences, the narrowed cost gap of debt financing has nearly wiped out the advantage that tax-exempt organizations have always enjoyed. What's the current competitive picture with regard to financing, the ability to take on debt, and the general operational motivation of the two models? How do long-term expectations differ, for example exit strategy or future sale vs. mission? Generally speaking, for-profits are better able to capitalize on efficiencies with respect to cash flow and maximizing financial returns. Can overleveraging by not-for-profits permanently hamper their success? What's the current environment regarding property-tax exemptions? Details in the current environment are a must-learn and will surprise you.

ORDER A RECORDING AND TRANSCRIPT TODAY for this unique webcast and learn the current competitive environment for not-for-profit and for-profit senior living from our panel of leading industry experts—without ever having to leave your desk:

What's the current competitive picture with regard to financing and the ability to take on debt?
What is making not-for-profit senior living more costly?
Should not-for-profit developers subject their project designs to ROI hurdles the way for-profits do?
What's the relative financial risk for both new startups and mature properties?
Do lower operating costs of the for-profits put the residents at risk?
How do operating expenses for the two models differ?
PLUS...your chance to ask our panel of experts any questions about the not-for-profit and for-profit senior living models.

 

Panel of Experts:

Jim Moore
Jim Moore has over 40 years of industry experience and for the past 40 years the company that Moore founded, Moore Diversified Services, Inc., has served literally thousands of national and international clients. Jim has personally conducted over 2,000 major Senior housing and health care consulting engagements in over 750 markets in 49 states.  Internationally he has completed major engagements in China, Mexico, Australia, Canada, France Read More
President, Moore Diversified Services
Adam Kane, Erickson Living
Mr. Kane serves as the Senior Vice President of Corporate Affairs for Erickson Living.  Mr. Kane’s responsibilities include government and regulatory relations, public relations, and business development.  Erickson Living manages and develops senior living communities across the country and has over 20,000 residents in its network.  Mr. Kane  earned an M.B.A. from the Wharton School of Business at the University of Read More
SVP Corporate Affairs, Erickson Living
Steve Ordahl
Steve joined Ecumen in April of 2003 and has more than thirty years experience as a leader in business, government and the military.  His strengths are leadership and entrepreneurship; he has engineered several successful turnarounds of financially distressed enterprises.  He holds a BA from the University of Minnesota and has been Chief Executive Officer of two major entertainment venues, the Texas Aquarium, Corpus Christi, and Read More
SVP of Business & Fund Development, Ecumen
Wyatt R. Ritchie
Wyatt Ritchie joined Cain Brothers in 2010 as a Managing Director in the San Francisco office. Prior to joining the firm, Wyatt had been a Managing Director at Jefferies & Company responsible for the firm's health care services practice. Prior to joining Jefferies, Wyatt had been at CIBC Oppenheimer for eight years where he was responsible for the firm's West Coast health care services investment banking practice and at Bank of Read More
Managing Director, Cain Brothers
James Stroud, President of Stroud Companies
Mr. Stroud has served as a founder, director and officer of Capital Senior Living Corporation (CSU:NYSE) and its predecessors since 1986. Capital is one of the nation’s largest operators of residential communities operating 112 senior living communities with an aggregate capacity of approximately 14,600 residents. In 2009, Mr. Stroud returned to Stroud Companies, the real estate and investment Company he founded before Capital. Stroud Read More
President, Stroud Companies