Retirement Limitless Inc. (RUI) President Doris-Ellie Sullivan has left her publish as president, whereas CEO William Fralin is continuous to guide the corporate, the operator has confirmed.
Sullivan “resigned from her place at RUI to pursue different alternatives,” a spokesperson for the Roanoke, Virginia-based firm informed Senior Housing Information Thursday. The operator didn’t additional elaborate on the management change or its subsequent strikes.
Sullivan, a 2023 Senior Housing Information Changemaker, first joined RUI in 2016, in accordance with her LinkedIn profile. She entered the senior housing and care trade within the Nineties by the use of the U.S. Military, and likewise labored as a talented nursing administrator in that point.
Underneath Sullivan’s management, RUI had grown considerably from the six communities it had eight years in the past. The management change comes lower than a 12 months after a significant development spurt for RUI. In late 2023, RUI acquired Brandywine Residing in a deal that drastically elevated the operator’s neighborhood depend. Phrases of that acquisition weren’t disclosed on the time.
The deal gave RUI a brand new foothold in New Jersey, Connecticut, Delaware, Maryland, New York and Pennsylvania. On the time, Sullivan famous that the alignment of the 2 corporations’ cultures and missions – and partnerships with Welltower (NYSE: WELL) – “will assist within the integration of those well-located and market-leading communities.”
As of earlier this 12 months, the operator ranked No. 17 on the Argentum 150 listing of the nation’s largest operators with 72 communities within the U.S. Retirement Limitless was additionally among the many fastest-growing operators within the U.S. in 2024.
In 2023, Welltower CEO Shankh Mitra recognized RUI as among the many firm’s top-performing working companions months after the 2 corporations introduced a brand new programmatic partnership and launched a brand new luxury-focused senior residing model known as Elance. Right this moment, there are seven Elance-branded communities in Virginia and Florida, in accordance with the corporate’s web site.
RUI isn’t the one senior residing operator to have reported the departure of a prime chief this week. On Wednesday, Westminster Communities of Florida introduced that CEO Terry Rogers had additionally stepped down, with CFO Hank Keith stepping in to quickly fill the position.
