Selah Management Group, LLC

Selah Management Group, LLC Overview

Selah Management Group, LLC is a senior living healthcare firm specializing in operations management, development, marketing and strategic planning for the senior living industry. This includes Assisted Living Properties, Independent Living Properties, as well as related senior living campus development projects.

Formed in late 2005 by two experienced and recognized senior living executives, Selah Management Group was established to satisfy the increasing demands of the senior living industry. The principals, William T. Filippone and Alan D. Parrish, together bring a combined 60 years of experience in all facets of senior living operations, finance and development.

Mr. Filippone & Mr. Parrish founded Selah after growing other senior living companies. The most recent success story is American Senior Living L.P. During 1999, ASL LP completed the acquisition of 18 senior living properties owned by Sun Bridge. That acquisition brought 1,965 assisted living and independent living units to the company along with 144 skilled nursing beds. In 2002, the company added six additional ALF's to the portfolio that totaled an additional 492 units. The company completed 2005 with revenues exceeding $80,000,000. During the 1st quarter of 2006 ASL reached an agreement to sell 18 of its assets to Brookdale Senior Living for an acquisition price that exceeded $124,000,000. The return to the investors of ASL exceeded a 40% annual compounded return.

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