Market Position
Life Care Centers of America, Inc. has established itself as a dominant player in Washington’s skilled nursing sector, tying for the position of largest owner with 15 facilities in the state. This places Washington among the company’s top three states by facility count, alongside Tennessee (26) and Colorado (22).
The Cleveland, Tennessee-based company maintains a substantial national presence with 192 skilled nursing facilities across 27 states, according to the most recent CMS data. Their strongest regional concentrations include Tennessee, Colorado, Florida, Massachusetts, and Washington.
Ownership Structure
Founded in 1970 by Forrest Preston, Life Care Centers of America operates as a privately held company. The organization maintains full ownership (100%) of 127 of its 192 facilities nationwide, with only 3 facilities having ownership between 50-99%, according to the CMS ownership data.
Washington State Context
Washington’s regulatory environment presents unique challenges for skilled nursing operators and investors. The state is known for its complex and time-consuming change of ownership processes, which can impact M&A activity. For investors and operators considering Washington’s skilled nursing market, Life Care Centers of America’s established presence demonstrates the potential for successful operations despite regulatory complexities.
