With new rankings of the top 150 seniors housing organizations and more than 60,000 data points, the 2025 Largest Providers Report gives a unique picture of an industry serving millions of older adults and employing more than 1.6 million workers.
In the publication’s introduction, Lument’s Head of Seniors Housing and Healthcare Production Aaron Becker sets the scene and provides context for this year’s findings. Becker acknowledges the macro challenges persistently hovering overhead but remains encouraged by our industry’s ability to overcome obstacles and continue to evolve seniors housing for a new generation of retirees.
“With strong demand expected to grow further in the years ahead, now is the time for owners and operators to examine how to best position their communities for long-term success,” he noted. “From value-add acquisitions to investing in active adult, there are ample opportunities for the forward-thinking operator despite today’s market challenges.”
Leaders of the Pack
One of those industry leaders continues to be Brookdale Senior Living, topping the rankings for the sixth year in a row with 53,794 total units in 647 communities (as of December 31, 2024). There is a new number two in 2025, as Discovery moved up from fourth last year to second, reporting 33,692 units in 336 communities. Keeping its spot in third is LCS with 33,174 units in 136 communities.
The rest of the top five consisted of Erickson Senior Living (25,300 units in 22 communities) at number four, moving up from fifth last year, and Atria Management Co. (25,045 units in 199 communities) at number five, dropping from second in last year’s rankings.
In terms of the most dramatic movement from year to year, Dial/Waters Senior Living moved up 21 positions, to 32 from 53, reporting a total of 5,005 units.
The report features rankings and data on a host of measures, including:
- Top 150 largest companies in North America
- Top 30 rankings by service type: assisted living, independent living, and memory care
- Top 10 CCRC providers by number of communities
- 50 largest providers by operational resident capacity
Spotlight on Women Trailblazers
This year’s publication also includes a section dedicated to women leaders in the senior living industry. Argentum received over 1,001 responses to its call for submissions for this feature, a powerful response that demonstrates the momentum behind gender equity and the passion to keep that momentum going.
Lument’s Head of mergers and acquisitions (M&A) Laca Wong-Hammond contributed a guest column on the topic, focusing on three key strategies that can make an enormous impact.
- Select strong mentors to assist you on your journey. Having generous mentors who value your strengths and are vocal about your advancement can be extremely beneficial.
- Find your own seat at the table. If you see an opportunity, jump on it. If you don’t see any, keep looking.
- Advocate for yourself. And remember, never be afraid to ask for what you deserve.
Read the complete 2025 Largest Providers Report here. The PDF is available for download along with an Excel file that enables sorting and analyzing for those looking to dive deeper into the data.
