This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Good afternoon. And thank you for coming to the 2012 UBS Global Healthcare Services Conference. My name is Louis Friend, and I’ll be your host for this session. I’d like to introduce Paul Hoagland, Treasurer and CFO; and Bruce Mackey, President and CEO of Five Star Quality Care. Following the presentation there will be a breakout session in the Broadway Room. Thank you.
Great. Thank you, Louis. Five Star is a strong and growing force in the senior living industry. We operate 245 senior living communities with about 27,000 living units. According to data that was released last year by the American Senior Housing Association, Five Star is the sixth largest operator of senior living units in the United States.
I think the pie charts here on the slide help to tell our story. Looking at the pie chart on the left, as you can see 86% of our total company revenues come from senior living business, skilled nursing at 17% and independent and assisted living at 69%, only 14% of our revenues come from our pharmacies and rehab hospital business.
Moving to the pie chart in the middle, 73% of our senior living revenues come from residence private resources, when Five Star began operations over decade ago that was 21%, since coming public Five Star has a focused on acquiring high-end independent senior living communities for the majority of revenues are paid for with residence private resources. We significantly decrease substantially from Medicaid and Medicare over the last decade. And then the chart in the right shows our revenues by state. We currently operate in 30 states and no state makes up more than 10% of our total senior living revenue.