Profile: Capital Senior Living Corp (CSU.N)
17 May 2013
Capital Senior Living Corporation is an operator of senior living communities in the United States. As of December 31, 2011, the Company operated 84 senior living communities in 23 states with an aggregate capacity of approximately 11,800 residents, including 35 senior living communities, which the Company either owned or, in which the Company had an ownership interest and 49 senior living communities that the Company leased. As of December 31, 2011, the Company also operated one home care agency. The Company provides senior living services to the elderly, including independent living, assisted living, skilled nursing and home care services. Many of the Company’s communities offer a continuum of care to meet its residents’ needs as they change over time. In October 2011, the Company acquired three senior living communities, one located in Columbus, North Carolina and two located in Anderson, South Carolina. In April 2012, it acquired five senior living communities. In October 2012, the Company acquired eight senior living communities.
The Company offers a variety of services and encouraging the active participation of the resident and the resident’s family and medical consultants. The Company by offering, such services customizes its service plan to meet the specific needs and desires of each resident.
Independent Living Services
The Company provides independent living services to seniors who typically do not need assistance or support with activities of daily living (ADLs), but who prefer the physical and psychological comfort of a residential community that offers health care and other services. As of December 31, 2011, the Company owned or had ownership interests in 30 communities and leased 17 communities that provide independent living services, which include communities that combine assisted living services, with an aggregate capacity for approximately 6,800 residents.
Independent living services provided by the Company include daily meals, transportation, social and recreational activities, laundry, housekeeping and around the clock staffing. The Company also fosters the wellness of its residents by offering access to health screenings (such as blood pressure checks), periodic special services (such as influenza inoculations), dietary and similar programs, as well as ongoing exercise and fitness classes. Classes are given by health care professionals to keep residents informed about health and disease management. Subject to applicable government regulation, personal care and medical services are available to independent living residents through either the community staff or through the Company’s agency or other independent home care agencies. The Company’s contracts with its independent living residents are generally for a term of one year and are typically terminable by either party, under certain circumstances, upon 30 days notice.
Assisted Living Services
The Company offers a range of assisted living care and services, including personal care services, around the clock staffing, support services and supplemental services. As of December 31, 2011, the Company owned or had ownership interests in 14 communities and leased 41 communities that provide assisted living services, which include communities that combine independent living and other services, with an aggregate capacity for approximately 4,300 residents. The residents of the Company’s assisted living residences generally need help with some or all ADLs, but do not require the more acute medical care traditionally given in nursing homes. Upon admission to the Company’s assisted living communities, and in consultation with the resident, the resident’s family and medical consultants, each resident is assessed to determine his or her health status, including functional abilities and need for personal care services.
The basic types of assisted living services offered by the Company include personal care services, support services and supplemental services. Its personal care services include assistance with ADLs, such as ambulation, bathing, dressing, eating, grooming, personal hygiene and monitoring or assistance with medications. Its support services include meals, assistance with social and recreational activities, laundry services, general housekeeping, maintenance services and transportation services. Its supplemental services include extra transportation services, personal maintenance, extra laundry services and special care services, such as services for residents with certain forms of dementia. Certain of these services require extra charges. The Company’s contracts with its assisted living residents are generally for a term of one year and are typically terminable by either party, under certain circumstances, upon 30 days notice.
Continuing Care Retirement Community Services
The Company’s continuing care retirement communities are senior living rental properties where the Company provides traditional long-term care through around the clock skilled nursing care by registered nurses, licensed practical nurses and certified nursing assistants, as well as assisted living and independent living care. The Company also offers a range of restorative nursing and rehabilitation services in its communities including, but not limited to, physical, occupational, speech and medical social services. As of December 31, 2011, the Company owned one community and leased one community providing continuum of care services with an aggregate capacity for approximately 700 residents at all levels of care at those two communities.
Home Care Services
As of December 31, 2011, the Company provided home care services to clients at one senior living community through the Company’s home care agency and made home care services available to clients at a majority of its senior living communities through third-party providers. In addition, the Company makes available to residents certain customized physician, dentistry, podiatry and other health-related services that may be offered by third-party providers.
The Company competes with Assisted Living Concepts, Brookdale Senior Living Inc., Emeritus Corporation, Five Star Quality Care, Inc. and Sunrise Senior Living, Inc.
Capital Senior Living Corp
Suite 300, 14160 Dallas Parkway
DALLAS TX 75254