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Lifespace Communities To Acquire Three Texas Senior Living Communities

Jul 20, 2022•about 3 years ago

Acquiring Company

Lifespace Communities

Acquired Company

Three Senior Living Communities

West Des MoinesNon ProfitCommunity And Lifestyle

Description

Lifespace Communities announced today that it has finalized an agreement with a private equity investment group for Lifespace to acquire three senior living campus communities in Texas – Meadow Lake in Tyler, Wesley Court in Abilene, and The Craig in Amarillo.

Company Information

Company

Lifespace Communities

Location

West Des Moines, Iowa, United States

About

Lifespace Communities is a not-for-profit organization that owns and operates 17 continuing care retirement communities (CCRCs) in seven states, serving more than 5,700 residents and employing nearly 4,200 team members.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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