Matthew Caspari
United States
Mr. David Reis is the Founder and serves as Chief Executive Officer at Falcon Investors. He serves as the Chief Executive Officer at Senior Care Development. He is also an Angel Investor. He also serves as a Director at Genesis HealthCare. He has been the Chief Executive Officer of Senior Care Development, LLC, a company that specializes in the development and turnaround of distressed continuing care retirement communities. Senior Care Development also has over 25 years of experience in developing and owning standalone skilled nursing facilities and assisted living communities. Falcon Investors specializes in the development and turnaround of unique assets and is the managing member and owner of the company that developed the St. Regis Deer Valley ski-in/ski-out resort, as well as managing the successful turnaround of MetroSouth Hospital in Blue Island, Chicago. He served on the board of FC-GEN until the consummation of the Combination in February 2015. As the Managing Member of his affiliated company (Senior Care Holdings, LLC), David was both a partner and investor in Formation Capital, LLC-led nursing home portfolio acquisitions of approximately 175 nursing homes across 19 states, which were subsequently sold to G.E. Capital in 2006. Following that, in 2007, an affiliate of Senior Care Holdings invested in another Formation Capital-led deal to take Genesis Healthcare Corporation private for $1.4 billion. Genesis owned or managed over 210 nursing/assisted living facilities concentrated primarily in the Northeast. In 2011, the investment group sold Genesis Healthcare's real estate holdings to Health Care REIT while retaining the operating company, which, along with its subsequent acquisition of Sun Health Care, was generating approximately $4.6 billion in annual revenue. David became a member of the newly reconstituted Board of Directors and chaired its compensation committee. In February of 2015, he and his fellow investors brought about the culmination of the Genesis growth strategy by combining it with Skilled Healthcare Group, Inc. to create one of the largest post-acute care providers in the country, with management services and/or ownership of more than 500 skilled nursing and assisted/senior living communities in 34 states, and more than 1,800 rehabilitation therapy centers in 47 states. The new company employs nearly 95,000 people and has combined revenue of some $5.5 billion on a trailing 12-month basis. Along with helping to engineer the highly successful evolution of Genesis Health Care, his entities hold significant investments in companies that operate upwards of 200 nursing homes providing care for some 22,000 seniors in 15 states from Maine to Florida. In addition to building a highly professional long-tenured team, he has formed close relationships with a number of major financial institutions and private equity companies that partner with SCD on various development initiatives. He has also devoted much time and personal resources to philanthropic activities and is an active member of several non-profit boards. The board of directors has concluded that, based upon his extensive experience in the healthcare industry, particularly with companies that serve seniors, as well as his significant beneficial ownership in the company's stock, as described below in "Security Ownership of Directors and Executive Officers and Certain Beneficial Owners," he should serve as a member of the board of directors. He serves as Board Member at Third Eye Health.
Individual/Angel