Senior Care Centers

About Senior Care Centers

Originally founded as Senior Care Centers in 2009, Abri Health Care Services operates as a provider of senior care facilities across Texas. The company offers a range of services tailored to the needs of its residents, including skilled nursing, short-term rehabilitation, long-term care, and assisted living. Its business model is centered on providing direct care to approximately 2,000 patients daily across its 22 locations. Revenue is generated through payments for these care services, which are covered by programs like Medicare and Medicaid.

The company has a history of significant financial restructuring. In December 2018, then operating as Senior Care Centers, it filed for Chapter 11 bankruptcy, citing burdensome debt levels and expensive leases as primary factors. At the time, it was the largest nursing home provider in Texas, with over 10,000 patients. Following the bankruptcy proceedings, the company re-emerged in March 2021 as Abri Health Care after an investment group led by the existing management acquired the company's equity. Key figures in the new leadership included Chief Operating Officer Mike Templeton, who joined the company in 2009 and has extensive experience in the post-acute industry, and Chief Financial Officer Anthony Arnaudy, with over 25 years in financial and operations management. However, this new chapter was quickly met with further challenges, as Abri Health Care, along with its subsidiary Senior Care Centers LLC, filed for Chapter 11 again in April 2021, citing disputes with a major landlord, LTC Properties. A settlement was reached in August 2021, which involved transitioning several facilities to a new operator.

Abri Health's services focus on providing comprehensive medical and personal support. Facilities offer 24-hour staffing, on-site medical directors, and various therapies such as occupational and physical therapy. They are equipped to handle high-acuity care needs, including IV care and wound care. The business strategy announced after the management purchase includes expanding its portfolio by both purchasing and leasing additional facilities, aiming to function as both an owner and an operator to ensure stability and growth.