On January 10th, 2018, Innovation Senior Management closed on Heritage House Assisted Living in Clearwater, Florida
- Expertise on assisted living acquisition is critical.
- Develop a close relationship with the seller.
- Complete due diligence and include a mock survey of the operation.
- Develop a pipeline of new staffing that can replace non-performing acquired staff.
- Ensure you hire an accountant with experience developing the CHOW Proof of Financial Ability to Operate.
- Understand your acquisition’s niche and carefully implement changes including renovations.
- Ensure residents, families, and staff are communicated with prior to the change of ownership.
- Be hands on, or if not, hire a management company like Innovation Senior Management to help you through the change of ownership process.