Transactions

Pegasus Senior Living Assumes Management of Eight Communities in Texas, New Mexico

August 26, 2024

GRAPEVINE, TX — Pegasus Senior Living has announced in a press release that, effective September 1, 2024, it will take over the management of eight communities in Texas and New Mexico that are currently being operated by LifeWell Senior Living under its “Legacy” brand name.

The eight communities collectively contain 652 residences and all of the locations offer both assisted living and memory care in purpose-built memory-care settings.

“We are delighted to welcome the LifeWell communities into the Pegasus family,” shared Pegasus Senior Living Chair/co-founder/CEO Chris Hollister. “These are well-designed communities serving key markets in Texas and New Mexico. As a Texas-based operator dedicated to enhancing all lives with kindness and integrity, this transaction is crucial as we focus on expanding our growth throughout the state and the Southwest.”

“With a home office of over 50 dedicated senior living professionals, we believe we can help continue to enhance and celebrate the lives of LifeWell’s residents in all aspects of operations, from clinical, to people and culture, to sales and marketing,” Hollister added.

Founded in 2018 by industry veterans Steven Vick and Chris Hollister, Pegasus Senior Living is comprised of dedicated, lifelong senior living professionals who oversee 43 senior living communities.

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