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Arboreta Healthcare, Inc. (OTC PINK: ASSF) has announced a reduction in its Board of Directors from seven to five members, effective during the next annual stockholder meeting. On February 17, 2023, a majority of voting power elected the new board members without holding a formal meeting. The elected members include Bruce Cassidy, Roger Tichenor, Michael Valentino, Denise M. Penz, and Dr. Amish Patel. Interim CEO Richard Mason stated that this streamlined leadership model aims to enhance efficiency and execution of the company's strategic plan for shareholders.
Arboreta Healthcare, Inc. (OTC PINK: ASSF) announced significant leadership changes as CEO Louis Collier, Jr. and COO Dale Poe departed on February 1, 2023. Richard Mason, former CEO of Trillium Healthcare, has been appointed interim CEO during the executive search for permanent replacements. Mason's extensive healthcare experience spans over three decades, including leadership roles in skilled nursing and post-acute healthcare. Additionally, CFO Diane Harden has submitted her resignation, effective February 8, 2023. Arboreta operates across 29 facilities in states such as Iowa, Nebraska, Texas, Florida, and Georgia, providing skilled nursing and rehabilitation services.
Assisted 4 Living, Inc. has rebranded as Arboreta Healthcare, Inc., reflecting a major turnaround in its operations. The company operates skilled nursing, rehabilitation, and assisted living facilities across five states, with revenues projected to increase from $78 million to $118 million in 2022. Average daily attendance at its pediatric care centers has risen from 47 to 85. The company has also improved its facility census significantly. With new leadership and operational enhancements, Arboreta aims to position itself as a leader in the healthcare sector.
Assisted 4 Living, Inc. (OTC: ASSF) has acquired Grace Care Centers, which includes three skilled nursing facilities in Olney, Nocona, and Henrietta, Texas. This acquisition increases A4L's portfolio to 29 facilities that offer various post-acute services in multiple states such as Iowa, Nebraska, Florida, Georgia, and Texas. The company aims to maintain the existing staff to ensure quality care continuity and is actively seeking further acquisitions in the post-acute care sector to enhance its market presence.
Assisted 4 Living, Inc. (OTC: ASSF) announced the appointment of John Krusoe as Senior Executive Vice President. With over 30 years of experience in finance, Krusoe will lead the company’s growth and acquisition strategy, focusing on post-acute care facilities. Currently, A4L operates 26 facilities in Iowa, Nebraska, Florida, and Georgia. Krusoe's leadership aims to enhance shareholder value and improve care experiences, as A4L expands its reach and services across multiple states.
Assisted 4 Living, Inc. (OTC: ASSF) reported Q2 revenues of $6.1 million, with year-to-date revenues at $6.7 million as of June 30, 2021. The company recently acquired Trillium Healthcare Group, which generated $109 million in FY 2020. Additionally, A4L is expanding its Banyan Pediatric Care Centers division with new locations in Florida. The company aims for growth through acquisitions and organic expansion, focusing on post-acute care for all ages.
Assisted 4 Living, Inc. (OTC: ASSF) has opened a new Banyan Pediatric Care Center in New Port Richey, Florida, its second center launched in 2021, following a Sarasota location opened in May. The centers provide Prescribed Pediatric Extended Care (PPEC) for medically fragile children, offering skilled nursing and therapy services. Banyan currently operates three centers on Florida's Gulf Coast and aims to expand through new locations and acquisitions. CEO Louis Collier expressed enthusiasm for the growth and impact on families seeking care for their children.
Assisted for Living Inc. (OTC: ASSF) has announced its acquisition of Trillium Healthcare Group's assets, which include a back office team experienced in skilled nursing and senior living services. Trillium, operational for over 10 years, manages 26 facilities across four states, totaling 1,685 licensed beds and generating approximately $100 million in revenue for 2020. This strategic acquisition aims to enhance Assisted 4 Living's operational efficiency and support growth plans in the post-acute care sector.
Assisted 4 Living, Inc. (OTC: ASSF) has appointed Louis Collier as its new CEO, bringing over 30 years of healthcare experience. Collier aims to implement an aggressive growth plan focused on increasing operating efficiencies and expanding pediatric care across multiple states. The company operates through distinct divisions catering to both seniors and children, with a strategy emphasizing acquisitions and optimized services in medical management and therapy. Assisted 4 Living highlights its commitment to improving quality care for rehabilitation and skilled nursing.
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