Innovation Senior Management (ISM), headquartered in Miami Beach, Florida, manages a continuum of senior housing that includes independent, assisted living and memory care middle-market communities throughout the State of Florida.
Innovation Senior Management is a privately-owned business founded in 2016 whose leadership has over 125 combined years of experience and has grown to become a leader in the Florida senior living market. Innovation Senior Management is certified as a Women-Owned Business (WBE) and a Minority-Owned Business (MBE).
ISM has expertise in affordable and middle-market communities. They are leading experts with in-depth knowledge of rules and regulations of the Agency for Health Care Administration (AHCA), CMS and USHUD. ISM understands how to create an environment that will have a positive impact on the quality of life for low-income and middle-income seniors.
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Our growth strategy includes the following
To secure management contracts with current owners in the State of Florida (50+ beds). To partner with strategic and financial partners that acquire and build new properties with ISM as the operator partner in the State of Florida. To build a portfolio of middle market, branded communities in the State of Florida. ISM is positioned to create a portfolio of 25 communities within the next five years.
Core Competencies
- Operational Expertise
- New Construction/Licensing/Lease Up
- Conversion/Licensing/Lease Up
- Turnaround of Existing Facilities
- Maximization of Operating Profits/Expense Control
- Maximization of Occupancy (private pay/affordable pay residents) Government Subsidies (Medicaid and Veterans Administration Aid & Attendance)
- Investor Relations
- Experienced Executive Director Pool
- Industry Overview
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Every day the need for assisted living and memory care communities increases for individuals of all incomes. Roughly one million Americans reside in senior care facilities. This number is expected to almost double by 2030. Future industry growth will be spurred by the 77 million Baby Boomers planning to retire over the next two decades. The assisted living industry is a $80+ billion industry. The four largest ALF providers in the country make up 13% of the market share.
This competition is well-branded, caters to high income seniors, is well known and continues to grow, but services are affected by the large scale of the competition. The remaining 87% of the market is highly fragmented, composed of a variety of mom and pop operations with few, if any, national chains.
The market for senior living has greatly expanded. Yet the industry has generally focused on higher-income people. Currently, services are out of financial reach for 8 million middle income seniors. By 2029 there will be 14.4 million middle income seniors. Innovation Senior Management’s growth opportunity is to create a management portfolio of branded, high quality, middle-market communities in the State of Florida.
