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Sunrise Senior Living Management Inc history
Sunrise Senior Living Management Inc company history timeline
In 1981, Paul and Terry Klaassen opened the first Sunrise community in Oakton, Virginia.
In 1985, Sunrise Assisted Living opened two new Sunrise communities--Sunrise of Leesburg and Sunrise of Warrenton, both in Virginia--and the Klaassens debuted the first Sunrise training program for its employees to ensure that they understood and practiced the hallmarks of assisted living.
In 1988, the first Sunrise prototype home opened in Arlington, Virginia.
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.
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 the year 2001, with close to 200 communities and $428 million in revenues, it was named a "Great Place to Work" by Washington Magazine.
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.
The company changed its name in 2003 to Sunrise Senior Living Inc. in order to reflect the full range of its short- and long-term elder care services.
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.
Greystone Communities, a wholly owned subsidiary that Sunrise acquired in 2005, developed an additional three communities to be managed for not-for-profit third parties.
Operating Revenues: $1.8 billion (2005)
Development continued in 2006, bringing the total number of Sunrise communities in the United States, Canada, Germany, and the United Kingdom to 423.
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Sunrise Senior Living Management Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Dogwood Forest | 2005 | $8.5M | 210 | - |
| Greenfield Senior Living | 2001 | $23.0M | 750 | 21 |
| Aegis Living | - | $1.2M | 50 | 92 |
| Brandywine Living | 1996 | $410.0M | 3,500 | 102 |
| Delmar Gardens Family | 1965 | $45.0M | 30 | 123 |
| BrightStar Care | 2002 | $3.0M | 75 | 1,262 |
| The Good Samaritan Society | 1949 | $341.8M | 3,300 | 10 |
| Golden Living | 2005 | $46.0M | 500 | - |
| Community Care | 1985 | $2.9M | 62 | 256 |
| Caring Senior Service | 1991 | $21.4M | 660 | 210 |
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Sunrise Senior Living Management Inc may also be known as or be related to SUNRISE SENIOR LIVING INC and Sunrise Senior Living Management Inc.