The Sandy, UT-based Larry H. Miller Company is expanding its business platform to include skilled nursing, assisted living, home health and hospice with the creation of Larry H. Miller Senior Health.
The new company will provide short-term transitional rehabilitation, home health and hospice throughout the country through Advanced Health Care Corp.; assisted living through Aspen Ridge Senior Living; healthcare real estate portfolio management; and senior healthcare staffing solutions.
“In recent years, we have acquired industry-leading businesses that provide exceptional care to our aging loved ones. This important work complements our company’s mission and culture of enriching lives,” Steve Starks, CEO of the Larry H. Miller Company, said in a press release.
AHC currently operates 24 5-star facilities across Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Ohio, Pennsylvania, Tennessee and Utah, according to the Larry H. Miller Company. AHC recently acquired two transitional care facilities in the Cleveland and Cincinnati metro areas, where rooms will be converted to private suites for patients transitioning from a hospital stay to home.
“When we acquired AHC … our goal was to grow the company while maintaining its high-quality care and 5-star ratings,” said Dave Smith, managing partner of the Larry H. Miller Company. “This growth necessitates creating a platform focused on leading these vertically integrated businesses.”
LHMSH expanded into assisted living through the acquisition of a 62-bed assisted living community in Lehi, UT. Aspen Ridge Residences of Lehi is scheduled to open in May.
“Assisted living is a natural next step in the continued growth of our senior health platform,” said Joe Walker, the newly named president of Larry H. Miller Senior Health.
Before the expansion into senior living and care, the Miller family’s portfolio of businesses and investments included entities such as the Salt Lake Bees minor league baseball team, Larry H. Miller Megaplex Theatres and Prestige Financial. The company also invests in Lendio, Run Buggy and Aqua Yield, and it recently acquired a majority stake in Swig, a customized drink and treats company.
