15 Largest Senior Living Companies In USA

Article Contents

Seniors made up 17.3% of America’s population in 2022, and their population is projected to keep increasing. This is causing an increase in senior living companies. With changing times, for seniors looking for the next chapter, it’s essential to take stock of the industry’s top players and how they drive innovation and shape the future of senior living.
In this blog, we’ve compiled a list of the top 15 largest senior living companies in the USA for 2024. From independent living to memory care, these companies provide a variety of options for seniors at different stages of life. Join us as we identify what makes these companies stand out and help you make an informed decision about your senior living options.

How do senior living companies work?

Senior living companies provide housing, care, and support services for seniors who require additional assistance with daily activities. These companies offer various living options, including independent living, assisted living, memory care, and skilled nursing care.

The cost of such a living arrangement depends on the type of community, the level of care required, and location. Senior living companies also offer a variety of services and amenities. These may include meals, housekeeping, transportation, social activities, and medical assistance, and even specialized care for seniors with specific health conditions, such as Alzheimer’s disease.

Top 15 largest senior living companies in the USA 2023

1. Brookdale Senior Living

Brookdale Senior Living is the largest senior living provider in the United States. It was founded in 1978 and is headquartered in Brentwood, Tennessee. Brookdale provides a range of living options. In addition to providing support for its residents, Brookdale Senior Living is also committed to giving back to the community. Brookdale has around 30,570 assisted living units and is number one in the list of largest assisted living companies in the U.S. Out of the 15 mentioned companies, Brookdale has the largest retirement communities in US.

Available services: Independent living, assisted living, memory care, skilled nursing, continuing care retirement communities, home health care and hospice care.
Average monthly cost: $600 – $ 16,200 (including additional monthly fees)
Number of communities: 679
Total units: 55,902
Total employees: 36,000
Number of states: 41

2. Atria Senior Living, Inc.

Atria Senior Living was founded in 1996 and is now the second largest senior living company in the United States. One of the unique features of Atria Senior Living is its Engage Life program, which is designed to promote social engagement and encourage residents to pursue their interests and hobbies.

Available services: Independent living, assisted living, memory care and short-term stays.
Average monthly cost: $ 4,195 – $ 7,500+
Number of communities: 383
Total units: 49,000
Total employees: 14,500
Number of states: 45

3. Life Care Services (LCS)

Life Care Services (LCS),is the third largest senior living company in the USA. LCS was founded in 1971 and is renowned for putting their residents first in all aspects. One of the unique features of LCS is its focus on innovation and technology.

Available services: Independent living, assisted living, and memory care.
Average monthly cost: $ 2,500 – $ 7,500+
Number of communities: 142
Total units: 32,710
Total employees: 26,725
Number of states: 30+

4. Discovery Senior Living

Discovery Senior Living was founded in 1991 in Bonita Springs, Florida. This company has since become one of the largest senior living providers with a strong focus on innovation and technology and sophisticated amenities.

Available services: Independent living, assisted living, personal care, memory care and respite care.
Average monthly cost: $ 2,500 – $ 7,000+
Number of communities: 302
Total units: : 30,355
Total employees: 16,640
Number of states: 23

5. Erickson Senior Living

Erickson Senior Living was founded by John Erickson in 1983. The company’s first community, Charlestown, opened in Catonsville, Maryland, and since then, Erickson Senior Living has expanded to manage 23 communities across the United States. The company’s communities are known for their resort-style amenities and services.

Available services: Independent living, assisted living, memory care and skilled nursing care.
Average monthly cost: $ 3,000 – $ 12,000+
Number of communities: 21
Total units: 24,326
Total employees: 16,110
Number of states: 23

6. Sunrise Senior Living

On number six, we have Sunrise Senior Living, a senior living company based in McLean, Virginia, that manages over 250 communities across the nation. Sunrise Senior Living was founded in 1981 and has since become one of the biggest and famous senior living companies in the world. Sunrise is also one of the largest assisted living providers. The company offers personalized care for each resident’s needs and preferences, supported by a team of trained and compassionate caregivers.

Available services: Independent living, assisted living, memory care, hospice care and skilled nursing care.
Average monthly cost: $ 3,000 – $ 12,000+
Number of communities: 257
Total units: 22,975
Total employees: 20,147
Number of states: 29

7. AlerisLife/ Five Star Senior Living

AlerisLife, formerly branded as Five Star Senior Living, has a diversity of services including fitness classes, health screenings, and education on nutrition and healthy living.

Available services: Independent living, assisted living, memory care, and short-term stays.
Average monthly cost: $ 2,500 – $ 7,500+
Number of communities: 249
Total units: 24,398
Total employees: 18,844
Number of states: 29

8. Life Care Centers of America

Life Care Centers of America operates across over 25 states and is one of the top senior care companies in the country. With its services, this company blends compassionate care with modern amenities and resources to care and support their residents.

Available services: Rehabilitations, skilled nursing care, memory care, assisted and independent living.
Average monthly cost: $ 4,000 – $ 9,500+
Number of communities: 256
Total units: 20,000+
Total employees: 40,800
Number of states: 27

9. Senior Lifestyle

Senior Lifestyle was founded in 1985 in Chicago, Illinois. This senior living provider manages 130 communities across the United States. One of the unique features of Senior Lifestyle is its focus on wellness and lifestyle programs.

Available services: Independent living, assisted living, memory care,nursing care, affordable housing and respite care.
Average monthly cost: $ 2,500 – $ 7,000+
Number of communities: 130
Total units: 14,289
Total employees: 7,409
Number of states: 29

10. StoryPoint Group

StoryPoint Group, one of the biggest senior care providing companies in 2024, is well-known to cater to its residents’ personalized caring needs. This company strives to provide safety and comfortable, engaging programs for the seniors.

Available services: Independent living, assisted living and memory care.
Average monthly cost: $ 2,800 – $ 7,500+
Number of communities: 121
Total units: 11,443
Total employees: 10,180
Number of states: 9

11. Watermark Retirement Communities

Watermark is one of the oldest senior living providers in the US, with over 60 communities. Based in Tucson, Arizona, Watermark offers a number of services with a focus on culture and community. It has a strong emphasis on creating a sense of belonging and connection among residents and offers a range of social activities and events, such as fitness classes, art classes, educational programs, and cultural outings, to promote socialization and engagement.

Available services: Independent living, assisted living, skilled nursing, memory care and respite care.
Average monthly cost: $ 3,000 – $ 8,000+
Number of communities: 70
Total units: 11,324
Total employees: 7,000
Number of states: 9

12. Pacifica Senior Living

Next on the list of the largest senior living companies in the US is Pacifica Senior Living. Based in San Diego, California, the company was founded in 1978 and currently has almost 100 senior living communities and over 10,000 units across the country. Pacifica Senior Living focuses on providing seniors with the highest quality of care and support in a warm and welcoming environment.

Available services: Independent living and assisted living.
Average monthly cost: $ 2,800 – $ 7,500+
Number of communities: 89
Total units: 10,664
Total employees: 5,436
Number of states: 14

13. Oakmont Management

Based in California, Oakmont Management is a leading luxury senior living company. It manages various communities under the brands Oakmont Senior Living and Ivy Living. Seniors experience a safe and caring environment and enjoy care programs tailored to their needs.

Available services: Luxury assisted living and memory care.
Average monthly cost: $ 3,000 – $ 8,000+
Number of communities: 87
Total units: 9,899
Total employees: 8,079
Number of states: 9

14. Ebenezer

Ebenezer is one of the largest senior care companies in Minnesota and has been caring for older adults for at least a century. This company was founded in 1917 by Minneapolis Lutherans, in a community effort to care for homeless seniors. Ebenzer is well-known for its quality care for its residents till date.

Available services: Independent living, assisted living and memory care.
Average monthly cost: $ 2,800 – $ 7,000+
Number of communities: 120+
Total units: 9,722
Total employees: 4,785
Number of states: 6

15. Frontier Management

Frontier Management was founded in 2000 and operates over 130 senior living communities across 19 states. The company specializes in the management of senior living communities and places a strong emphasis on creating a sense of community with quality care.

Available services: Independent living, assisted living and memory care etc.
Average monthly cost: $ 2,800 – $ 7,500+
Number of communities: 134
Total units: 10,598
Total employees: 6,485
Number of states: 19

Emerging leaders in the senior living industry in 2024

In addition to the 15 biggest senior living companies mentioned, there are several emerging leaders in the senior living industry in 2024. Here are some key players who are steadily making their mark:

1. Genesis HealthCare

With 380 facilities, Genesis HealthCare is one of the biggest post-acute care providers in the country. They extend a range of services, including nursing care, assisted living, memory care, and rehabilitation therapy.

2. HCR ManorCare

HCR ManorCare operates 280 facilities nationwide and is known for its skilled nursing and rehabilitation services. They provide various care options, including short-term rehabilitation, skilled nursing, and memory care.

3. Holiday Retirement

Holiday Retirement manages 274 senior living communities across the United States. They specialize in independent living for seniors and offer a number of amenities and services to promote an active and engaging lifestyle.

4. Evangelical Lutheran Good Samaritan Society

With 268 facilities, the Evangelical Lutheran Good Samaritan Society is one of the biggest not-for-profit senior care providers in the United States. They offer various services including skilled nursing, assisted living, memory care, and home health care.

5. Golden Living

Golden Living operates 257 facilities and provides multiple senior care services, including skilled nursing, assisted living, memory care, and rehabilitation therapy. They focus on providing personalized care in a comfortable and supportive environment.

Final thoughts

The mentioned 15 top senior living companies are leading the way in providing high-quality care and support to seniors across the country. Each of these companies has a unique approach to senior care, but all share a commitment to creating a warm and welcoming environment where seniors can thrive.

If you or a loved one is in need of senior living options or looking for resources regarding senior housing, you may check out these articles below. Or you could book a free consultation with us anytime!

Related articles:

FAQs

Is Brookdale Senior Living in financial trouble?

Brookdale Senior Living had a debt of USD 3.86b and a cash reserve of USD 431.2 million in March 2023. Although it had short-term and long-term liabilities of USD 707.3 million and USD 4.64 billion, respectively, its cash and receivables due within a year amounted to USD 483.8 million. However, the company’s liabilities still exceeded its cash and near-term receivables by USD 4.38 billion, which is a significant deficiency that requires monitoring.

Who is the CEO of Atria Senior Living?

The Founder and CEO of Atria Senior Living was John A. Moore.

Does Sunrise Senior Living accept Medicaid?

Sunrise Senior Living does accept Medicaid as a form of payment for certain residents who qualify. However, it is essential to note that Medicaid coverage for senior living varies by state and is typically only available through Medicaid waiver programs.

Top 15 Largest Senior Living Companies You Haven’t Heard About!