Dirigo Pines
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Dirigo Pines - overview
Established
2003
Location
Orono, ME, US
Primary Industry
Healthcare
About
Dirigo Pines specializes in providing comprehensive senior living solutions, including independent living and specialized care services, aimed at enhancing the quality of life for seniors in a supportive community setting. Founded in 2003, Dirigo Pines operates senior living facilities in Orono, Maine, specifically serving the Greater Bangor area. The company was acquired by The Echelon Senior Living, a portfolio company of Chicago Pacific Founders, in February 2016, transitioning from its previous ownership by Affiliated Healthcare Systems, Inc. and Rosscare, Inc.
The founder's details and prior entrepreneurial history are not publicly disclosed. Dirigo Pines has participated in one significant deal, completed on October 16, 2015. Dirigo Pines offers a range of senior living solutions, including independent living, assisted living, memory care, and specialized care services designed to meet the diverse needs of seniors. These offerings create an environment that promotes health, well-being, and engagement through facilities such as fitness centers, craft and game rooms, and serene outdoor courtyards.
The community aims to enhance the quality of life for its residents by providing a supportive atmosphere where individuals can pursue new hobbies and maintain their health in an inclusive setting. The main clientele consists of seniors seeking various levels of care, as well as their families, who are looking for secure and enriching living environments. Dirigo Pines primarily operates in the Greater Bangor area of Maine, addressing the needs of local seniors and their families. The revenue model of Dirigo Pines is centered around monthly service fees that residents pay for access to its range of living options and amenities.
The company provides these services directly to consumers, facilitating transactions within a business-to-consumer framework. Residents typically pay a monthly fee that encompasses housing, meals, and access to communal facilities and activities. Various packages and plans may be available depending on the level of care required, such as independent living versus memory care, each designed to cater to specific needs of the clientele. The establishment's unique approach, underpinned by the Living Gracefully philosophy, reinforces its commitment to delivering exceptional living experiences, which enhances resident satisfaction and retention.
Dirigo Pines is focusing on expanding its offerings and services, although specific details on upcoming products or services have not been disclosed. The company plans to enhance its market reach and further develop its facilities. Following the recent acquisition in February 2016, it aims to integrate best practices from The Echelon Senior Living to improve resident experiences. This strategy aligns with the ongoing commitment to provide quality senior care in the Greater Bangor area.
Current Investors
The Echelon Senior Living
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living
Website
www.dirigopines.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Dirigo Pines - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Dirigo Pines | - |
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