With ISL Deal, Discovery Begins to Mirror Growth Strategy that Reshaped Hotel Industry

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Thanks to a new recap from Lee Equity and Coastwood, Integral Senior Living (ISL) is now joined at the hip with Discovery Senior Living. The move has industry-wide implications, and echoes the example of Aimbridge Hospitality, which Lee Equity backed in 2013 and helped transform into the nation’s largest independent hotel management firm.

On the surface, the recap brings together two large operators that, combined, will manage 27,000 senior living units in 36 states. While that will create effectively the fifth-largest senior living operator in the country, the significance of the deal goes beyond scale.

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