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Sunrise Retirement Community history
Sunrise Retirement Community company history timeline
The story of Sunrise began with a cornerstone ceremony held in fall of 1960.
1961 Sunrise officially opens as Martin Luther Home.
1968 Sunrise Hills open independent homes at Sunrise.
Beginning with a single community in 1981, there are now more than 280 Sunrise Senior Living communities throughout the United States and Canada.
1985 Maple Heights opens with independent subsidized apartments.
1987 Sunrise expands nursing services and adds a new dining room.
In 1987, the first Victorian mansion-style community opened, now a recognized symbol of Sunrise communities across the United States and Canada.
In 1988, the first Sunrise prototype home opened in Arlington, Virginia.
1992 Sunlight Center opens, a first-of-its-kind memory care neighborhood.
In 1994, Sunrise incorporated with 30 successful senior communities.
Sunrise earned $34 million in revenues in 1994 and faced a major decision about the company's future course.
Reminiscence Neighborhoods, built around Sunrise's Reminiscence Program for the memory impaired, debuted in 1995.
In June 1996, the company followed in the steps of other assisted-living providers, and made its initial public offering on the NASDAQ. Its revenues for that year were $47 million.
1996 Sunrise adds the Bernstein Center in response to community need; Maple Heights Annex is constructed and opens.
Drawing on northern European models, the Sunrise prototype incorporated the symbolic design elements of a grand staircase as "a metaphor for a mansion," Paul Klaassen explained in a 1996 Washingtonian article. "You couldn't walk into a mansion without seeing a beautiful staircase.
In 1997, the company brought in $89 million.
In 1998, that number increased to $170 million.
The company opened its first residence in the United Kingdom outside of London in 1999.
1999 Sunrise builds its first community in the United Kingdom.
In 2000, Thomas Newell assumed the role of president of Sunrise, and the company introduced at-home assisted living.
Assisted living facilities increased to 90.3 percent occupancy from 85.5 percent in 2001, and skilled nursing jumped to 89.7 percent from 83.5 percent in 2001.
2001 Sunrise stock moves to the New York Stock Exchange.
2002 Fountain View (assisted living) becomes part of Sunrise.
With the addition of Marriott, revenues for the year jumped to close to $1.2 billion from $506 million in 2002, and Sunrise became the largest operator in the senior living market with a mere 2.4 percent of the entire senior housing market.
Also in 2003, it acquired EdenCare, further broadening its care options.
Although there were signs of stabilization in the assisted living industry beginning in 2003, Sunrise began selling the majority ownership interest in all its properties.
Operating Revenues: $1.8 billion (2005)
2006: Continuing Diversification and Expansion
Development continued in 2006, bringing the total number of Sunrise communities in the United States, Canada, Germany, and the United Kingdom to 423.
2009 The Pointe at Sunrise (independent apartment community) opens.
2011 Sunrise receives Milestone Award 2011 from IAHSA.
On June 28, 2012, Sunrise moved their residents and belongings into a new state-of-the-art health center for nursing and assisted living, replacing the old “Manor” which served Siouxland seniors for over 60 years.
The deal, which both sides announced Wednesday morning, is expected to close in the first half of 2013 and is subject to shareholder approval.
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Sunrise Retirement Community competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Gower Convalescent Center Inc | 1967 | $5.0M | 50 | - |
| Henry County Health Care Authority | 1997 | $50.0M | 50 | - |
| Christian Care | 1999 | $11.8M | 147 | 54 |
| Apostolic Christian Home | 1963 | $10.0M | 150 | - |
| PARKSIDE HOMES | 1961 | $10.0M | 100 | 14 |
| Baptist Homes Society | 1910 | $1.8M | 50 | 11 |
| King's Manor Methodist Retirement System Inc | 1996 | $6.2M | 125 | - |
| The Highlands at Wyomissing | 1989 | $50.0M | 375 | 11 |
| Faith Home | 1966 | $5.0M | 5 | 1 |
| Menno Haven | 1964 | $50.0M | 500 | 24 |
Sunrise Retirement Community history FAQs
Zippia gives an in-depth look into the details of Sunrise Retirement Community, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sunrise Retirement Community. The employee data is based on information from people who have self-reported their past or current employments at Sunrise Retirement Community. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Sunrise Retirement Community. The data presented on this page does not represent the view of Sunrise Retirement Community and its employees or that of Zippia.
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