Assisted 4 Living, Inc. Announces Management Changes
October 21, 2021 at 03:00 pm
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Assisted 4 Living, Inc. announced the addition of veteran finance, merger, and acquisition professional John Krusoe to its leadership team. Krusoe will serve as the fast-growing health care company's Senior Executive Vice President and Secretary, effective as of the Effective Date of November 8, 2021, reporting to Chief Executive Officer, Louis Collier. In this new role, Krusoe will lead merger and acquisition efforts as the company aggressively pursues a growth and acquisition strategy for post-acute care facilities across multiple states. Under A4L subsidiary Trillium Healthcare Group, rehabilitation, skilled nursing care, assisted living, and independent living programs are currently provided across 26 facilities in Iowa, Nebraska, Florida, and Georgia. Prescribed pediatric extended care (PPEC) provider and subsidiary Banyan Pediatric Care Centers has constructed two new facilities in Florida in 2021 and looks to expand into other states moving forward. Krusoe joins the Assisted 4 Living, Inc. team with over 30 years of experience in corporate finance and capital markets, having structured and led transactions across a broad spectrum of industries. Most recently, Krusoe was Chief Executive Officer for a large, private equity-owned specialized finance company where, over the course of two years, he was responsible for raising over $1 billion in support of the company's aggressive growth strategy. Prior to that, he served as COO/EVP Corporate Finance and Strategy for Mutual of Omaha Bank, leading growth strategies and overall execution of the commercial bank's strategic plan objectives to ensure maximum profitability and efficiency. Over the course of his career, Krusoe has held senior leadership roles, driving growth and implementing efficiencies at a number of firms, including BBVA, Royal Bank of Canada, U.S., and Wachovia Bank. In connection with Ms. Harden?s and Mr. Krusoe?s appointments, Janet Huffman has resigned her positions as the Company?s Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Treasurer and Secretary, effective as of the Effective Date. There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to Ms. Huffman, which would in any way result in payments to Ms. Huffman because of her resignations as the Company?s Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Treasurer and Secretary.
Arboreta Healthcare, Inc. is a diversified healthcare company. The Company operates through three divisions: Arboreta Healthcare, Banyan Pediatric Centers, and Real Living Property Holdings. Arboreta Healthcare division provides skilled nursing, rehabilitation, assisted living and independent living programs across 34 facilities in in Iowa, Nebraska, Texas, Florida, and Georgia. Banyan Pediatric Centers division provides a prescribed pediatric extended care (PPEC) program that provides nurse-staffed day care for young people (birth to 21 years) who have medical conditions that require ongoing specialized care. Real Living Property Holdings division is a real estate holding company into which all real estate is housed. It provides a full range of rehabilitation services, including physical, occupational, and speech therapies. The Companyâs independent living communities provide basic housekeeping and linen services, meals, transportation to medical appointments and simple errands.