Atria Senior Living Inc., a leading provider of assisted living facilities, is expanding its footprint on Long Island by acquiring two new centers. The company plans to purchase the Village Walk in Patchogue and the Village Green in Levittown from D&F Development Group, according to documents filed with local industrial development agencies.
The potential acquisition comes at a time of high demand for senior living facilities across the nation, driven by the aging baby boomer generation. Peter Delaney, a senior vice president at Kaufman Hall, a Chicago-based healthcare consulting firm, notes that this demographic shift is creating a growing need for assisted living services.
The two facilities, combined, offer nearly 250 beds for seniors, with a dedicated memory care unit at the Patchogue facility. This is particularly important as the demand for memory care services is on the rise, according to Peter Delaney. The Village Walk, which opened in 2018, provides memory care for residents with Alzheimer's disease, dementia, and other conditions, addressing a critical need in the community.
Atria, already a prominent player in the senior living industry, is one of the largest operators of senior living communities in the United States. As of 2024, it ranked as the third-largest operator, managing 33,241 housing units across 274 properties. This expansion further solidifies Atria's position as a key player in the industry.
The acquisition is expected to provide financial benefits to Atria through tax breaks originally awarded to D&F Development Group by the Nassau County and Brookhaven Industrial Development Agencies. These tax benefits, approved by the agencies, will provide Atria with significant property tax savings, further enhancing the company's financial stability.
Atria's commitment to providing quality senior living services is evident in its plans to continue operating the facilities as assisted living and memory care communities. The company's focus on memory care is particularly notable, as it recognizes the growing need for specialized care in this area.
In summary, Atria Senior Living Inc.'s acquisition of these two Long Island facilities is a strategic move that addresses the increasing demand for senior living services, particularly memory care. This expansion reinforces Atria's position as a leading provider in the industry, offering high-quality care to the aging population.
