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Sunrise Healthcare Centers LLC history
Sunrise Healthcare Centers LLC company history timeline
In 1974, Andy Turner, a graduate of Ohio State University in business administration, began his career in the health services industry when the pastor of his church asked him to take over the management of the church's nursing home in Springfield, Ohio.
The company completed its initial public offering in October 1983, and built a network of subacute facilities in two specialized divisions, Skilled Nursing/Rehabilitation Services and Psychiatric Services/Substance Abuse Treatment.
Mediplex was sold to Avon Products Inc. in April 1986 for approximately $265 million.
When the company started in 1989, it was just an average nursing home company, but gradually grew and became a little more specialized, focusing on taking sicker, or heavier acuity patients, people who might otherwise be receiving inpatient services in hospitals.
The following year, the company began trading on the New York Stock Exchange under the symbol "SHG," and total revenue for 1993 climbed to $230.8 million, with net income of $13.5 million.
Total revenue for Sun Healthcare in 1994 jumped to $673.4 million, with net income of $19.5 million, and the company had increased its revenues 66 percent annually since its inception.
By 1996, the company's corporate headquarters grew several more buildings, including the 12,000 square foot Glaesner Training Center, featuring state-of-the-art communications and teleconferencing facilities to enable Sun Healthcare to train and communicate with its employees worldwide.
The strategy from 1996 on was growth and expansion through mergers and acquisitions, as well as diversification.
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Sunrise Healthcare Centers LLC competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Las Palmas Del Sol Healthcare | - | $230.0M | 3,000 | 30 |
| Liberty Healthcare | 1986 | $3.0M | 72 | 195 |
| Infinity Health Care Management | - | - | 31 | - |
| Signature Health | 1993 | $10.9M | 800 | 63 |
| Covenant Care | 1994 | $5.5B | 5,000 | 38 |
| Silverado | 1996 | $230.0M | 2,200 | 271 |
| All Saints Health Care System Inc | 1987 | $5.5M | 50 | - |
| Generation Health | 2017 | $370,000 | 130 | 2 |
| Prime Care | 1986 | $500,000 | 50 | 63 |
| Cornerstone Healthcare Group | 1990 | $469.0M | 3,000 | 40 |
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Sunrise Healthcare Centers LLC may also be known as or be related to Sunrise Healthcare Center, Sunrise Healthcare Centers and Sunrise Healthcare Centers LLC.