Fast-growing senior living operator and developer Distinctive Living has completed a merger with Validus Senior Living Management, according to a joint company announcement.
Distinctive Living will continue to be led by CEO Joe Jedlowski and the organization will take over the management of 10 Inspired Living communities in the Validus Inspired Senior Living portfolio in three states. Terms of the merger were not disclosed with the announcement.
Validus Senior Living Management CEO Steve Benjamin and Validus Group Chairman and CEO will retain ownership of the Inspired Living communities now under Distinctive Living’s management. The communities will also retain the Inspired Living branding, according to the release.
Merger discussions started last year and the move officially closed in April.
Former Validus Senior Living President Lindsey Hacker will now serve as executive vice president and CFO of Distinctive Living as part of the merger.
In the news release, Benjamin said the merger allows for “a significant number of win/win opportunities for both organizations.”
“With the acquisition of the Validus communities, leadership, and practices, they are well positioned for continued growth and to be a well-established operator in the industry,” Benjamin said.
Distinctive Living has been in growth mode since its inception in 2020, and was named by SHN as an operator to watch in 2023. In total, the company now has over 30 communities under management with over a dozen development projects at varying stages of development.
