Novare July 2019 What is Novare? Novare is a national consortium - - PowerPoint PPT Presentation

Novare

July 2019

Novare is a national consortium of select not-for-profit Life Plan Community providers.

What is Novare?

Description: founded in 2012, members are known for excellence, innovation, and financial strength, and are committed to advancing “next” practices related to senior living/services. Mission: accelerate member potential through peer- inspiring, collaborative leadership in order to enhance the lives of older adults. Vision: to be the next generation affiliation model of high-quality life plan community providers.

Overview

Membership: 17 member organizations located in non- competing markets. Scope: equivalent in size to the fourth largest, multi- site, not-for-profit organization nationally, with 7,762 units, $486 million in gross operating revenue, and $3.5 billion in total assets. Structure: LLC. Members maintain their own boards, financial statements and tax returns.

Overview

• 17 member LLC
• 6 founding members serve as officers or at

large members of Governance Committee

Organization

• Each member pays dues, currently $5,500/year
• Dues cover most core programs; members cover their own

travel expenses. A fee of $1,000 is charged for participation in each of Resident and Employee Satisfaction Surveys.

• Estimated annual value per member $55,600
• The Mather provides administrative support at a cost of

$3,500/mo

• As of December 31, 2018 LLC has $190K cash on hand.

Business Model

• CEO Forums – twice annually hosted by members, held at

Community

• Leadership Development – 4 multi-day sessions over course of

a year, one participant per Community

• Management Development – bi-weekly teleconference

followed by Community conversation, one year in length, minimum 3 participants per Community

• Peer Exchanges – CFO, COO, Executive Assistant, HR, IT
• Resident Satisfaction Survey
• Employee Satisfaction Survey

Core Programs

Mission Strategic Plan

Mission

• Aldersgate, Charlotte, NC
• Bishop Gadsden, Charleston, SC
• Carolina Meadows, Chapel Hill, NC
• Clark Lindsey, Urbana, IL
• Clark Retirement, Grand Rapids & Kentwood, MI
• Edgewood Retirement, North Andover, MA
• Frasier, Boulder, CO
• Immanuel Lutheran, Kalispell, MO
• Kahala Nui, Honolulu, HI

Members

Mission

• Lambeth House, New Orleans, LA
• Lenbrook, Atlanta, GA
• Mather LifeWays, Evanston & Wilmette, IL and

Tucson, AZ

• Montereau, Tulsa, OK
• Moorings Park, Naples, FL
• The Osborn, Rye, NY
• Saint John’s On The Lake, Milwaukee, WI
• Vicars Landing, Ponte Vedra, FL

Members

Q&A