In its effort to expand the core competencies of its healthcare companies, the Larry H. Miller Co. (LHM) has created a new business platform, Larry H. Miller Senior Health (LHMSH). The company said its goal is to provide excellent patient care and outcomes and operational excellence in the senior healthcare field.
LHMSH currently provides short-term skilled nursing, home health and hospice through its Advanced Health Care (AHC) business; assisted living through Aspen Ridge Senior Living; healthcare real estate portfolio management; and{mprestriction ids="1,3"} senior healthcare staffing solutions.
“The Larry H. Miller Co. has a strong history of building business platforms, and we are excited to announce the creation of Larry H. Miller Senior Health, focused on delivering exceptional experience through the senior healthcare continuum,” said Steve Starks, CEO of the Larry H. Miller Co. “In recent years, we have acquired industry-leading businesses that provide exceptional care to our aging loved ones. This important work complements our company’s mission and culture of enriching lives.”
“LHMSH will oversee the development and operation of a national healthcare continuum concentrating on the needs of senior patients,” Larry H. Miller Co. said in announcing the new business. “LHMSH intends to elevate patient experience and outcomes throughout the platform by developing innovative and compassionate approaches to care, employee development and retention, capital allocation and strategic partnerships.”
“When we acquired AHC, an industry leader in skilled nursing and home health and hospice, our goal was to grow the company while maintaining its high-quality care and five-star ratings,” said Dave Smith, managing partner of the Larry H. Miller Co. who oversees the organization’s healthcare growth and investment. “This growth necessitates creating a platform focused on leading these vertically integrated businesses, and we are thrilled to promote Joe Walker as president of Larry H. Miller Senior Health.”
AHC, the core business of LHMSH, continues to expand nationally and recently acquired two transitional care facilities in Ohio’s Cleveland and Cincinnati metro areas. Consistent with its model, AHC will convert all patient rooms in the two facilities to private suites and deliver “world-class services to help patients transition from a hospital stay to home.” AHC currently operates 24 nursing facilities across the United States.
LHMSH is also expanding into assisted living through the acquisition of a 62-bed facility in Lehi. Aspen Ridge Residences of Lehi is scheduled to open in May. LHMSH acquired the facility in December and it is in a renovation process.
“Assisted living is a natural next step in the continued growth of our senior health platform,” said Walker, newly named president of Larry H. Miller Senior Health. “We believe this is the perfect opportunity to bring our unique, patient-centered approach and industry-leading outcomes to the community members at Aspen Ridge Residences of Lehi.”
Headquartered in Sandy, the Larry H. Miller Co. (LHMCO) oversees the Miller family’s portfolio of businesses and investments, including the Salt Lake Bees, Larry H. Miller Megaplex Theatres, Larry H. Miller Communities, Larry H. Miller Senior Health and Prestige Financial. The company has recently made several acquisitions, including Daybreak and Destination Homes, and has made investments in Lendio, Run Buggy and Aqua Yield. Most recently, LHMCO acquired a majority stake in the Swig customized drink and treats company. {/mprestriction}
