Discovery Senior Living Acquires Sunshine Retirement Living, Expanding National Operating Platform and Establishing Strategic Pacific Northwest Presence
Key Highlights
- ➤Discovery acquires 100% of Sunshine’s operating management company
- ➤Sunshine manages 33 communities and more than 3,500 units
- ➤Transaction expands Discovery’s Pacific Northwest operating platform
- ➤Deal adds operating leadership, capital relationships and regional growth opportunities
- ➤Transaction expected to close in Q4 2026; financial terms undisclosed
Expert Statements
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“This acquisition represents exactly the type of strategic opportunity our differentiated operating platform was designed to support, establishing an important foundation for Discovery's continued expansion across the Pacific Northwest region”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“We've demonstrated the strength of this strategy before. When we acquired ISL, we had no presence in California. Today, we manage more than 60 communities with over 7,000 units across the state, with occupancy averaging in excess of 90%. We see a similar opportunity with Sunshine to establish a significant regional operating presence, leveraging Discovery's scale and sophisticated institutional capabilities to offer owners a compelling alternative in a fragmented senior living operating market.”
Rick Matros, President and CEO of Sabra Healthcare REIT
“Sunshine has been a valued operating partner with a strong track record of performance and asset-level execution.”
Rick Matros, President and CEO of Sabra Healthcare REIT
“We're pleased to expand our relationship with Discovery Senior Living, whose institutional operating capabilities, scale and disciplined approach to performance optimization position the portfolio to drive continued NOI growth, operating efficiencies and long-term asset value creation.”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“We're incredibly excited to welcome Sunshine and its exceptional leadership and operating teams to the Discovery family.”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“Sunshine brings a successful, established business, strong capital relationships and a demonstrated record of operating performance.”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“Our approach is to preserve the leadership, expertise and entrepreneurial strengths that have made Sunshine successful, while providing institutional resources and capabilities.”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“We see tremendous opportunity to build upon Sunshine's strong foundation and an exceptional culture that balances high performance and a commitment to delivering high-quality resident experiences that enrich the lives of those they serve.”
Richard Hutchinson, Chief Executive Officer of Discovery Senior Living
“By preserving these strengths and leveraging Discovery's institutional platform, we can accelerate growth, expand ownership group relationships, and create even greater value for residents, team members and the communities we serve.”
Luis Serrano, President of Sunshine Retirement Living
“Sunshine has built a successful business through deep operating expertise, strong local community relationships and an unwavering focus on performance and resident experience.”
Luis Serrano, President of Sunshine Retirement Living
“As we considered the next chapter of our business, we recognized the opportunity to accelerate our growth by joining Discovery.”
Luis Serrano, President of Sunshine Retirement Living
“Their platform gives us immediate access to sophisticated institutional capabilities and specialized expertise that would otherwise require significant time and investment to build independently.”
Luis Serrano, President of Sunshine Retirement Living
“Importantly, we are retaining our brand, leadership and operating identity while expanding the resources available to our teams and owners.”
Luis Serrano, President of Sunshine Retirement Living
“We believe this combination positions Sunshine to achieve even more success in the years ahead.”
Acquisition Adds 33 Communities, +3,500 Units Under Management, Brings an Established Operating Team, New Capital Relationships and Regional Growth Opportunities
Bonita Springs, Florida--(Newsfile Corp. - October 19, 2026) - Discovery Senior Living ("Discovery" or "DSL"), the largest and one of the most trusted seniors housing operators in the U.S., is pleased to announce that it has entered into a definitive agreement to acquire Sunshine Retirement Living ("Sunshine"), an established, multi-state seniors housing management company with a longstanding history in seniors housing ownership and operations. Under the terms of the transaction, Discovery will acquire 100% ownership of Sunshine's operating management company and join Discovery's family of management companies. The acquisition further expands Discovery's national operating platform creating an important springboard for continued growth in the Pacific Northwest region.
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