The 2022 Argentum & Lument Largest Providers Report has been released, providing data and information on 150 of the largest senior living providers in the United States. Woodlands Senior Living, based in Waterville and with 15 communities throughout Maine, made the list. Woodlands ranked at #131 for the second year in a row on the Argentum & Lumen list, and is, once again, the only Maine-based senior living provider to make the list.
“We take a lot of pride in being included on this list,” said Matthew Walters, managing member of Woodlands Senior Living. We work hard at providing top of the line, quality care at every one of our communities, and the residents we serve and their families put a lot of trust in us to do so. The hard work and dedication of our team has allowed us to grow into more Maine communities and provide that care throughout the state. Being included in the Argentum & Lument Largest Providers Report is just another indicator of the incredible staff we have at Woodlands Senior Living.”
The report ranks U.S. senior living providers by size according to the number of units, how many employees they have, the types of care being offered, and more. Argentum, an association that supports companies operating resident-centered senior living communities, partnered with Lument, a national leader in commercial real estate finance, to add insight to this year’s list.
“As rapid changes continue in the senior living industry, having this data at hand is highly valuable,” said Argentum president and CEO James Balda. “It makes clear the resilience of senior living—it remains strong, viable, and essential.”
“We are honored to collaborate with Argentum on this insightful report,” said Lument’s Aaron Becker, senior managing director and head of seniors housing and healthcare production. “It uses data and an informed perspective to shed light on an industry that redefined the phrase ‘above and beyond’ and emerged from the past year with optimistic momentum.”
For the second year in a row Woodlands Senior Living ranked at #131 on the list, with more than 677 total units, including 357 memory care units.
“Our ability to provide quality care will expand into a new community this year,” added Walters. “In December, we will open our 16th community – Woodlands Memory Care of Bridgton. This specialized memory care community will allow us to serve 48 residents in the Lakes Region area. For Woodlands, this means a greater opportunity to provide care, offer employment opportunities, and to continue serving individuals and families around Maine.”