Tuesday, December 11, 2018 6:27:30 PM
Assisted Living is still a very fragmented business. With Flagship behind Toron they can grow this area of the business a large as they want.
The $43 Million is an estimate of current revenues based on the following:
There are 8 (16) unit facilities. Each unit generates $33,600 per year. That is $5.3 Million per facility and $43 Million altogether. Here are links to the individual locations.
http://www.gardensofclanton.com
http://www.gardensofdaphne.com
http://www.gardensofeufaula.com
http://www.limestonelodgeal.com
http://www.limestonemanoral.com
http://www.gardensofmadison.com
http://www.gardensofpelham.com
http://www.gardensofwetumpka.com
They all operate under Great Oaks Management which is overseen by Brad at InMed.
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