At WoodBine, we believe operational success breeds financial success.
Financially healthy communities are the result of sound operational practices that result in happier residents and employee teams. Below are several examples representative of the company’s operating ability.
36 unit, 50 bed memory care community located in eastern PA
- Targeted for disposition under previous management due to low occupancy
- Consistently achieved 100% occupancy under WoodBine
69 unit, 76 bed assisted living and memory care community in central NH
- Three consecutive perfect NH state surveys
- Consistently achieved 100% occupancy under WoodBine
110 unit assisted living and memory care community in southern NJ
- Poor occupancy and financial results under management of a large, well known national operator
- Consistently achieved 100% occupancy and exceeded budget under WoodBine management
40 unit, 64 bed memory care community located in southern NH
- Opened in July 2013, 90% occupied in six months, 100% occupied in eight months
- Development cost of $12 million, appraised at $20 million after stabilization
48 unit, 57 bed assisted living and memory care community located in eastern MD
- Commenced management in late 2014 and fully occupied by June 2015
- Consistently achieved 100% occupancy and exceeded budget under WoodBine's management
69 unit, 86 bed assisted living and memory care community located in the Poconos of PA
- Upon acquisition, the community was losing money and in danger of losing its license due to excessive deficiencies
- Subsequently achieved a deficiency free state survey
3 assisted living and memory care communities in the Greenville, SC market
- Mid 2017 occupancy of just over 70% and barely profitable when WoodBine commenced management
- Approximately one year later, all three communities were full, and the owner was able to execute a successful exit
