Sunrise Senior Living
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| Sunrise Senior Living Incorporated | |
|---|---|
| Type | Public (SRZ) |
| Founded | 1981 (Oakton, Virginia) |
| Headquarters | McLean, Virginia |
| Industry | Senior living |
| Revenue |  $1,819.5 million USD (2005) |
| Website | American Canadian British German |
Sunrise Senior Living, Inc. (NYSE: SRZ) is a senior living company based in the McLean section of unincorporated Fairfax County, northern Virginia, which operates over 440 Sunrise locations worldwide.
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[edit] History
According to Paul and Terry Klaassen, the company's founders, each had family experience of long term care while growing up. Terry and her family experienced the institutional nature of nursing homes in the United States, while Paul visited his grandparents, who lived in home-like and comfortable accommodations in Holland. After the couple married, they volunteered in nursing homes and saw many seniors who did not need the institutionalized care of a nursing home.
The young couple chose to import the Dutch model of long-term care to the U.S. They sold their house, then moved into and renovated a closed nursing home. In the first year of business, Paul and Terry cared for the residents themselves. Word spread of this new senior care alternative, which ultimately became known as assisted living. [1]
In response to increasing demand, the Klaassens opened two more Sunrise communities in the mid 1980s. In 1987, Sunrise opened the first of their Victorian-style mansions. This was one of the first custom-built assisted living communities in the United States.
In the spring of 2003, Sunrise Assisted Living changed its name to Sunrise Senior Living to highlight the broader scope of services and programs designed to meet the specific needs of seniors. Sunrise offers independent living, home care, assisted living, Alzheimer's care, skilled nursing and hospice care. Sunrise currently operates in 40 US states, Canada, the United Kingdom and Germany.
It is also developing senior living properties in other locations in the U.S, Canada, the U.K and Germany.
[edit] Timeline
- 1981-The company is founded by Paul and Teresa Klaassen.
- 1982-The first Sunrise training programs are established.
- 1988-The first prototype Sunrise opens in Arlington, Virginia.
- 1995-The Sunrise Reminiscence Program, a program for residents with different variations of dementia, is formed.
- 1996-Sunrise becomes a publicly traded company.
- 1999-The first international Sunrise location opens just outside of London.
- 2000-Sunrise develops At Home Assisted Living, a program for senior citizens who don't yet need to move to a Sunrise location.
- 2000-Sunrise opens its first location in Canada.
- 2003-Sunrise acquires Marriott Senior Living Services, adding over 120 locations.
- 2005-Sunrise opens its first location in Germany.
- 2006-Sunrise expands to offer hospice services directly to seniors in need of end of life care.
- 2007-Sunrise operates 440 senior living communities in 40 states and four countries.
[edit] Services
- Independent living
- Home care
- Assisted Living
- Alzheimer's and memory care
- Skilled nursing and rehabilitation
- Hospice
[edit] Awards and recognition
- Sunrise was named a "Great Place to Work" by Washingtonian Magazine in 2001, 2003, and 2005.
- In 2006, Sunrise was placed 854th on the Fortune 1000 list.
