Viva Senior Dwelling has doubled its administration portfolio within the final 12 months and has expanded its working presence to 14 states.
In 2025, Norwood, New Jersey-based Viva added 17 communities to its administration portfolio and now oversees 40 senior residing properties with three communities beneath improvement and two future initiatives within the pre-development section.
In November, Viva formally established a brand new capital relationship with Stacked Stone Ventures and Praxis Capital for administration of a seven-property senior residing portfolio in Missouri valued at $71 million. The latest additions in Missouri to Viva’s administration portfolio provides a cluster of assisted residing and reminiscence care communities within the Present Me State, in accordance with Chief Working Officer Christopher Metternich.
Stacked Stone President Kent Eikanas informed SHN the connection with Viva fashioned as a result of firm’s “operational give attention to residents,” together with Viva’s medical care capability and way of life programming that “simply stood out” from a crowded area of potential administration suitors.
Viva will stay “very selective” in selecting future capital companions, commenting on the brand new Stacked Stone-Praxis relationship as being “a relationship of synergy” that grew out of the buyers’ “truly caring about medical care,” Metternich mentioned.
“That’s refreshing and that’s actually the main motive why we partnered with Stacked Stone,” Metternich informed SHN.
The Viva-Stacked Stone partnership is made stronger by Viva’s give attention to assisted residing and reminiscence care operations, becoming into Stacked Stone’s diversified portfolio throughout acuity ranges. The Missouri communities are “newer, Class An actual property” properties with many communities having long-tenured workers and a historical past of routine constructing upkeep and cleanliness, Metternich mentioned.
“It is a we factor, not a me factor,” Metternich mentioned. “The worth is within the care fashions and what goes on inside our buildings.”
The Missouri communities match effectively inside Viva’s current geography as an operator alongside its presence in Tennessee and Indiana. This can enable Viva to create “regional groups” to help current Viva properties as soon as the brand new communities are totally built-in into its working platform.
The Viva management staff envisions creating “tremendous regional directors” and counting on management improvement of standout native management, as a substitute of relying solely on management periodically visiting communities.
“We need to develop expertise from the within out to provide native expertise room to develop,” Metternich added.
All current workers on the communities will stay in place, and now Viva is making constructing upgrades to help mandatory IT and medical infrastructure with upgrades to Wi-Fi capabilities to help the a number of expertise platforms its working mannequin depends on. This emphasis on tech infrastructure has been “one of many largest items” to integrating new properties into Viva’s orbit, shifting communities reliant on paper data to digital.
Going ahead, Viva intends to depend on its medical operations experience to fulfill the incoming wants of older adults right this moment that’s “far more acuity primarily based” in comparison with the final decade, Metternich famous. Viva is tightening insurance policies and procedures, making certain the corporate has the correct partnerships with pharmacy, rehab and hospice companions in its markets to deal with an acuity-based senior residing setting.
As the corporate has scaled its administration platform, Viva now depends on a number of procurement and common buying organizations (GPO) to reap price financial savings the place attainable in buying meals, provides and tools. To keep away from staffing rising pains, Viva gives workers advantages by the Particular person Protection Well being Reimbursement Association (ICHRA) mannequin that enables it to pay base insurance coverage premiums whereas workers select plans on an alternate, buying and selling up or down primarily based on age, want and most popular carriers.
In accepting new concepts from operations workers, Metternich mentioned Viva management maintains an “ear to the bottom” strategy, taking suggestions from group leaders to assist enhance operations.
On future development, Metternich mentioned Viva was “actively trying” to construct out its presence in Indiana additional with an current capital associate with extra alternatives attainable in Missouri and “adjoining markets.”
