Ecumen: Leading the way in nonprofit innovation
February 3, 2020 | Published by Senior Housing News | Article by Chuck Sudo
Although nonprofit senior living providers have shown an appetite for growth through affiliation in recent years, they have lost market share to their for-profit counterparts, who have greater willingness to assume risk for the sake of growth and innovation.
One exception to the rule is Ecumen, which has embraced several of the strategies for-profits have used to build scale. The Shoreview, Minnesota-based provider has a portfolio of 30 communities in eight states totaling 2,109 units and ranked 33rd on the 2019 LZ 200 list of top nonprofit providers. More important, Ecumen has transformed …. [Click here to view the full article]