Capri Senior Communities
20711 Watertown Road, Suite A, Waukesha • www.capricommunities.com
Year Founded: 1991
Product or Service Offered: Capri Senior Communities operates communities that provide for an active lifestyle for seniors who desire to be a part of a community. They include age-restricted apartment communities, assisted living communities and memory care facilities that encourage active lifestyles and provide several amenities.
Founder & Principal: James Tarantino
Projected 2016 Revenue: $33 million
What has fueled your company’s growth?
“Adapting our business model to meet the changing needs of our residents has fueled our growth. For example, the conversion of apartment communities to offer assisted living services that will facilitate the delivery of supportive and health care services to our residents aging in their homes. We also created the Casetta Apartments, a four unit independent living facility with individual living spaces and gathering spaces for residents. Additionally, we’ve grown with the help of a diversely talented group of company leaders and employees committed to the residents and families we serve. We’ve grown alongside our strategic partners and vendors who’ve assisted us in planning, building and operating our communities, and we’ve also benefited from reasonably priced capital and long-term financing to build our communities.”
What is the biggest obstacle to your company’s growth?
“The ability to recruit and retain people in the labor market who share our mission of providing care and services to our residents and the ability of our residents to afford the cost of their specialized care as they age. We have the ability to absorb governmental reimbursement reductions on behalf of our residents so they will not be required to move at the most vulnerable time of their lives.”
Do you plan to make any changes to your company?
“The changes Capri Senior Communities is planning include: the expansion of electronic medical records and other uses for technology to increase efficiency and expand resident services; and continue to develop strategic relationships with health care providers that expand the service options available to our residents. We also plan to expand our market area and increase the number of communities under management.”
What is your company’s most important growth strategy?
“Expanding our relationships with health care providers and becoming an option for people using the health care systems.”