Atria Senior Living is breathing new life as a senior living management company. It was formed in 2011 as a spinoff of Atria Senior Living Group (ASLG), formerly an owner and operator of about 120 independent and assisted living communities throughout the US. After those assets were acquired for $3.1 billion by health care real estate investment trust Ventas, Atria Senior Living signed a long-term contract to manage that portfolio of communities for Ventas. Atria Senior Living also manages communities for other owners. In addition to long-term care, its facilities offer temporary and short-term stay options, as well as specialized assistance for residents with Alzheimer's.
Atria Senior Living is led by the same management team that built ASLG. Members of that team hold a minority interest in the company, while ASLG's former owner -- private equity funds managed by Lazard -- is now Atria Senior Living's majority shareholder. – less