Company Analysis: Sunrise Senior Living Essay

4625 WordsMar 26, 201219 Pages
Sunrise Senior Living Inc. | Company Analysis: Sunrise Senior Living | BADM 2003W | | | 4/29/2011 | Executive Summary Sunrise Senior Living Inc. is one of the top firms in the rapidly growing long-term care industry. They provided a number of services for senior citizens including assisted living, meals, transportation, housekeeping, and licensed and highly skilled nurses for certain residents who require 24 hour care. The company was started in 1981 in Fairfax, Virginia by married couple Paul and Terry Klaassen who had a vision of creating alternative senior living options that emphasize quality of life. They have started what is now the most recognized company in the industry boasting innovative products and services…show more content…
In fact, according to an article by Senior Care Marketer, “The senior care industry is booming and it’s just getting started as the baby boom generation cares for their aging parents and require care themselves as they transition into their own senior years. People sixty-five years and older represent the fastest-growing age group in the United States, and it is projected that the 75+ population will increase 70% by 2025. By 2030, 70 million Americans will be over the age of 65 – that's one out of every five Americans!”(Senior Care Marketer). With that said, there a number of competing firms that are seeking to reap the benefits of this growing industry. Sunrise Senior Living is currently the leading competitor in the senior care industry. However, there are number of other firms that are close behind including Brookdale Senior Living, Emeritus, Gentiva, Odyssey Healthcare, and ResCare. Overview Company History and Background As previously mentioned, Sunrise Senior Living Inc. was founded by Paul and Terry Klaassen more than 25 years ago. The idea for this now successful business originated in Holland where Paul Klaassen would visit his grandparents as a child. Paul’s grandparents lived in assisted living homes called verzorgingstehuizen. These assisted living homes are very similar to those offered by Sunrise today. The verzorgingstehuizen allowed its residents to be independent while simultaneously providing support or

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