Two senior living operators and other companies serving the industry are listed on the Inc. 5000 2022 list of America’s fastest-growing private companies, released Tuesday.
Trilogy Senior Living and Colonial Assisted Living are among the organizations to make the list, which ranks businesses according to percentage of revenue growth from 2018 to 2021. The two providers fall under the health services category.
San Marcos, TX-based Trilogy Senior Living, also known as Sodalis Senior Living, operates assisted living and memory care communities throughout Texas. The company ranks 4,523 on the list. Inc. cites a 97% growth rate.
Sodalis President Traci L. Taylor-Roberts told McKnight’s Senior Living that it is “humbling” to be on the list, but she said it is not a “be-all, end-all.”
“It means you’re on your way,” she said. “It means, ‘Great; you grew,’ but you have to grow with integrity and make sure you always treat your people really well.”
Taylor-Roberts said that Sodalis grew from nine communities two years ago to 24 communities in three states, employing 800 workers. Along with owning its own communities, Sodalis also manages properties for real estate investment trust Ventas and others.
“I think a lot of the growth and success we’ve had goes to how we treat our team,” she said. “We have 800 employees and every one of them has my cell phone number — we’re very accessible.”
Taylor-Roberts said the company has held backpack and toy drives for employee families, bought virtual reality goggles for staff members and residents, and provided on-site backup for sales, marketing and recruitment efforts.
Fort Lauderdale, FL-based Colonial Assisted Living, which also made the Inc. 5000 list in 2018, ranks 4,816 this year. The assisted living operator provides housing and skilled nursing and care services at seven locations throughout Florida. Inc. cites a growth rate of 86%.
Companies serving the senior living industry made the list as well.
For instance, Activated Insights ranks 1,705 overall, with a growth rate of 365%. The company, listed in the software category, oversees data collection for Great Places to Work and Fortune magazine.
“This honor is a testament to the loyalty and engagement of our customers and team. I’m excited for the opportunities and growth ahead,” said CEO Jacquelyn Kung, DrPH. “Since we survey our own team quarterly to make improvements to our culture, this award reflects our ‘Great Place to Work’ roots. In other words — the great workplaces lead to better business performance.”