Every major transition has a story behind it. In a new interview with McKnight’s, Avamere CEO Mary Kofstad shares additional perspective on our decision to transition out of skilled nursing operations, how we are approaching that change, and where Avamere is headed next. As we look ahead, our focus remains on serving seniors and families through senior housing and home-based services, while honoring the people and teams who helped build Avamere over the past 30 years. Read the full interview below.
Avamere Group leadership is sharing the strategy behind its decision to exit the skilled nursing business after 30 years in skilled care. CEO Mary Kofstad and founder Rick Miller detailed plans to transition entirely toward assisted living, independent living, memory care, and home-based services. By downsizing from 53 properties to a focused portfolio of 10–15 Class A assets, the operator aims to streamline operations and meet shifting consumer demands for aging in place. #ltc #SkilledNursing https://bit.ly/4hg9B47