Who Owns Harbor Chase Assisted Living: A Comprehensive Guide

HarborChase Assisted Living is a well-known senior living community that provides exceptional care and a comfortable living environment for seniors. This community offers a variety of services, including assisted living, memory care, and skilled nursing care. Many people are curious about who owns HarborChase Assisted Living and how it is managed.

The sign for "Harbor Chase Assisted Living" stands tall and proud, surrounded by well-manicured gardens and a welcoming entrance

HarborChase Assisted Living is managed by Harbor Retirement Associates (HRA) of Vero Beach, Florida. HRA is a regional senior living development and management company that was founded in 2002. It is primarily focused on developing and managing assisted living and memory care communities, but it also operates independent living and skilled nursing communities.

HRA manages 38 HarborChase communities in 14 states, with more than 3,600 associates who serve hundreds of residents and families. The company’s mission is to develop and manage world-class senior living communities that give seniors and their families a safe, luxurious, and beautiful place to call home. With a strong focus on quality care and exceptional service, HRA has become a leader in the senior housing industry.

Key Takeaways

  • Harbor Retirement Associates (HRA) manages HarborChase Assisted Living.
  • HRA is a regional senior living development and management company that was founded in 2002.
  • HRA manages 38 HarborChase communities in 14 states, with a focus on quality care and exceptional service.

Harbor Chase Assisted Living Overview

A sprawling, modern assisted living facility with landscaped gardens and a welcoming entrance

Harbor Chase Assisted Living is a senior living community that provides assisted living, memory care, independent living, and skilled nursing services. The company was founded in 2002 by Harbor Retirement Associates (HRA), which is headquartered in Vero Beach, Florida. HRA is a regional senior living development and management company that focuses on providing high-quality care to seniors.

Harbor Chase has 38 communities in 14 states across the United States, with more than 3,600 associates who serve hundreds of residents and families. The company’s mission is to provide a nurturing environment that promotes independence, dignity, respect, and quality of life for seniors.

The company is committed to providing personalized care that meets the unique needs of each resident. Harbor Chase offers a range of services, including medication management, housekeeping, transportation, and assistance with activities of daily living. The company also provides a variety of social and recreational activities to help residents stay active and engaged.

Harbor Chase is owned by HRA, which is led by CEO Tim Smick. Smick has more than 30 years of experience in the senior living industry and is committed to providing exceptional care to seniors. The company’s leadership team includes experienced professionals in the fields of finance, operations, and healthcare.

Ownership Structure

The scene shows a flowchart with labeled boxes representing different entities, such as individuals, corporations, or organizations, connected by lines indicating ownership of Harbor Chase Assisted Living

Parent Company

HarborChase is a senior living development and management company that operates assisted living, memory care, independent living, and skilled nursing communities. The company was founded in 2002 and is headquartered in Vero Beach, Florida. According to Datanyze, Harbor Retirement Associates (HRA) is the parent company of HarborChase. HRA was also founded in 2002 and is also headquartered in Vero Beach, Florida. HRA is primarily focused on the development and management of senior living communities.

Key Stakeholders

The key stakeholders of HarborChase are the residents, their families, and the staff. The company’s mission is to provide a safe and comfortable environment for seniors to live in. HarborChase is committed to providing high-quality care and services to its residents. The company’s staff is trained to provide personalized care and assistance to each resident based on their individual needs. HarborChase also values the input of the families of its residents and encourages them to be involved in the care and decision-making process.

In addition to the residents, their families, and the staff, HRA is also a key stakeholder in HarborChase. HRA’s leadership team is responsible for the overall management and development of HarborChase. The team is made up of experienced professionals in the senior living industry. According to HarborChase’s website, the company has 38 senior living communities in 14 states, and more than 3,600 associates who serve hundreds of residents and families.

Acquisition History

The sign "Harbor Chase Assisted Living" is displayed on the entrance gate, surrounded by well-maintained gardens and a peaceful, waterfront setting

HarborChase has undergone several acquisitions throughout its history. In 2015, it was acquired by Silver Point Capital, a private investment firm based in Greenwich, Connecticut. The acquisition was part of a larger deal that included the purchase of 21 senior living communities across the United States.

In 2019, HarborChase was acquired again, this time by Formation Capital, a private equity firm based in Atlanta, Georgia. Formation Capital specializes in healthcare investments and has a focus on senior living communities. The acquisition included 16 senior living communities that were previously owned by Harbor Retirement Associates, the parent company of HarborChase.

As of 2022, HarborChase is still owned by Formation Capital. The company operates 38 senior living communities in 14 states across the United States.

Throughout its history, HarborChase has focused on providing high-quality assisted living and memory care services to seniors. The company’s commitment to providing exceptional care has made it a leader in the senior living industry.

Corporate Governance

A boardroom table with executives discussing ownership of Harbor Chase Assisted Living

Board of Directors

HarborChase Senior Living is owned by Harbor Retirement Associates (HRA) of Vero Beach, Florida. HRA is a regional senior living development and management company that focuses primarily on Assisted Living and Memory Care communities, but is also engaged in the development and operations of Independent Living and Skilled Nursing communities. According to Datanyze, there is no information available on the current Board of Directors of Harbor Retirement Associates.

Executive Management

The current CEO of HarborChase Senior Living is Tim Smick. As per the HarborChase website, Tim Smick is a co-founder and managing partner of Harbor Retirement Associates. He has more than 30 years of experience in the senior housing industry and has been involved in the development and management of more than 70 senior living communities in 12 states.

In addition to Tim Smick, the executive management team of HarborChase Senior Living includes the following individuals:

NamePosition
Charlie JenningsPresident
Dave McHargChief Financial Officer
Kim LewisChief Operating Officer
Steve WigginsChief Development Officer

Charlie Jennings has been with Harbor Retirement Associates since 2004 and has served as President since 2015. Dave McHarg joined the company in 2017 and has over 20 years of experience in financial management. Kim Lewis has been with the company since 2004 and has held various positions, including Executive Director, Regional Director of Operations, and Vice President of Operations. Steve Wiggins joined Harbor Retirement Associates in 2018 and has over 30 years of experience in real estate development.

Overall, the executive management team of HarborChase Senior Living has a wealth of experience in the senior housing industry, which has helped the company to become a leading provider of senior living services in the United States.

Financial Overview

HarborChase is a regional senior living development and management company focused primarily on assisted living and memory care communities. The company has several revenue streams, including the fees charged to residents for care and services, as well as income from investments and partnerships.

Revenue Streams

HarborChase generates revenue primarily from the fees charged to residents for care and services. These fees vary depending on the level of care needed and the location of the community. According to Dun & Bradstreet, HarborChase is categorized under the industry of Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly, Nursing and Residential Care Facilities, Health Care and Social Assistance, Aged home.

Investment Information

HarborChase is owned by Harbor Retirement Associates (HRA), a national senior living management and development company. According to Datanyze, HRA was founded in 2002 and is headquartered in Vero Beach, Florida. HRA is engaged in the development and operations of independent living, assisted living, memory care, and skilled nursing communities.

HarborChase has several investment partners, including real estate investment trusts (REITs) and private equity firms. These partners provide funding for the development and expansion of HarborChase communities.

In summary, HarborChase generates revenue primarily from the fees charged to residents for care and services, and is owned by Harbor Retirement Associates. The company has several investment partners that provide funding for the development and expansion of its communities.

Regulatory Compliance

HarborChase is committed to providing quality care to its residents while maintaining compliance with all applicable regulations. The company adheres to federal, state, and local laws, as well as industry standards and best practices.

HarborChase’s compliance program includes ongoing monitoring and auditing of operations, policies and procedures, and employee training. The company’s compliance team is responsible for ensuring that all employees are aware of and adhere to regulatory requirements.

HarborChase maintains compliance with regulations governing assisted living facilities, including those related to resident rights, medication management, and staff training. The company also adheres to regulations related to fire safety, building codes, and environmental health.

In addition to regulatory compliance, HarborChase places a strong emphasis on ethical conduct and integrity. The company has a code of conduct that outlines its commitment to ethical behavior, and all employees are required to complete annual training on the code.

Overall, HarborChase’s focus on regulatory compliance helps ensure that its residents receive high-quality care in a safe and secure environment.

Strategic Partnerships

HarborChase, as a regional senior living development and management company, has entered into strategic partnerships with various entities to provide the best possible services to its residents.

One of the company’s strategic partners is Silverstone Healthcare Company, a Dallas-based company founded by Denny Alberts and John Goff. Silverstone Healthcare Company owns and develops high-quality luxury senior living communities, and its partnership with HarborChase allows the latter to offer the gold standard in senior living.

Harbor Retirement Associates (HRA), the parent company of HarborChase, also partners with other organizations to improve its services. For instance, HRA has partnered with the Alzheimer’s Association to ensure that its memory care communities provide the best care to residents with Alzheimer’s and other forms of dementia.

In addition, HRA has partnered with venture capital firms to fund its growth and expansion plans. For example, HRA partnered with BlueMountain Capital Management to acquire six senior living communities from Brookdale Senior Living in 2019.

These strategic partnerships demonstrate HarborChase’s commitment to providing the best possible services to its residents. By partnering with other organizations, HarborChase can leverage their expertise and resources to improve its services and expand its reach.

Market Position and Competitors

HarborChase is a regional senior living development and management company that is focused primarily on assisted living and memory care communities. They also engage in the development and operations of independent living and skilled nursing communities.

HarborChase is one of the largest senior living providers in the United States, with over 30 communities in operation across 7 states. Their communities offer a range of services, including assisted living, memory care, and skilled nursing.

HarborChase’s competitors include other senior living providers such as Brookdale Senior Living, Atria Senior Living, and LCS. These companies offer similar services and operate in many of the same markets as HarborChase.

According to a report by Argentum, Brookdale Senior Living is the largest senior living provider in the United States, with 55,902 units in operation. Atria Senior Living is the second-largest provider, with 14,500 units in operation. LCS is the third-largest provider, with 32,196 units in operation.

Despite the competition, HarborChase has established a strong reputation in the senior living industry. They have received numerous awards and accolades for their commitment to providing high-quality care and services to their residents. For example, HarborChase of Sarasota was named the Best Assisted Living Facility in Sarasota by the Sarasota Herald-Tribune in 2021.

Frequently Asked Questions

What company is behind Harbor Chase Assisted Living?

Harbor Chase Assisted Living is owned and operated by Harbor Retirement Associates (HRA), a regional senior living development, and management company. HRA was founded in 2002 and is headquartered in Vero Beach, Florida. The company focuses primarily on assisted living and memory care communities, but also develops and operates independent living and skilled nursing facilities.

Who is the current CEO of Harbor Retirement Associates?

As of March 2024, the current CEO of Harbor Retirement Associates is Mr. Tim Smick. Mr. Smick has been with the company since 2002 and has been instrumental in its growth and success.

How can I contact the Harbor Chase corporate office?

The Harbor Chase corporate office can be contacted by phone at (772) 778-2200 or by email at info@harborchase.com. The company also has a website at www.harborchase.com, which provides additional information about its various assisted living communities.

What is the relationship between Harbor Retirement Associates and Harbor Chase?

Harbor Chase Assisted Living is a brand of Harbor Retirement Associates. HRA owns and operates multiple senior living communities across the United States, including Harbor Chase facilities.

Which entity manages the operations of Harbor Chase facilities?

Harbor Retirement Associates manages the operations of all Harbor Chase facilities. The company is responsible for ensuring that each facility provides high-quality care and services to its residents.

Are there different owners for individual Harbor Chase locations?

No, all Harbor Chase facilities are owned and operated by Harbor Retirement Associates. The company maintains consistent standards and practices across all of its communities to ensure that residents receive the same level of care and services, regardless of location.

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