Senior Housing News March 18, 2025
Earlier this month, Foundry Commercial announced a new deal to merge senior living providers Spring Arbor and Allegro into a new operator called Allegro Living. Now comes the fun part, according to Doug Schiffer, who will lead the newly combined operator as president and CEO.
In the coming year, both companies will combine their operations and emerge as Allegro Living with 53 senior living communities operating under multiple brand names. Prior to the merger announcement, both companies had their own “secret sauce,” Schiffer said.
Allegro had developed a reputation for high-end, purpose-built communities, and Spring Arbor brought to the table the backing of national real estate firm Foundry Commercial and its capital resources. The companies also had complimentary geographic footprints...
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