---
title: "Discovery Senior Living Owners Reportedly Exploring Selling Nation’s Largest Operator"
url: https://burnaze.com/article/d2a89add-5128-4906-8f0a-38a60c58e56c
source: "Senior Housing News"
original_url: https://seniorhousingnews.com/2026/10/21/discovery-senior-living-owners-reportedly-exploring-selling-nations-largest-operator/
author: "Tim Regan"
category: "Senior living"
industry: "Senior Care"
segment: "Senior living"
published: 2026-10-21T20:15:59.000Z
modified: 2026-10-31T13:15:48.972Z
image: https://images.unsplash.com/photo-1450101499163-c8848c66ca85?w=1600&q=80&auto=format&fit=crop
---

# Discovery Senior Living Owners Reportedly Exploring Selling Nation’s Largest Operator

**TL;DR:** The owners of Discovery Senior Living, the nation's largest senior living operator, are potentially selling the company with a possible valuation nearing $1 billion. Discovery Senior Living manages about 450 communities across the US and recently acquired Sunshine Retirement Living.

*By Tim Regan, originally published in Senior Housing News on 2026-10-21. [Read the original](https://seniorhousingnews.com/2026/10/21/discovery-senior-living-owners-reportedly-exploring-selling-nations-largest-operator/).*

## Story

The owners of Discovery Senior Living are potentially lining up a buyer for the nation’s largest operator, with a possible valuation nearing $1 billion.

According to an Oct. 20 report from Reuters based on an unnamed source, the companies that back Discovery Senior Living have tapped William Blair, an investment bank, to find a buyer for the operator. According to the report, a sale could value the company at $1 billion, and Discovery’s annual earnings before interest, taxes, depreciation and amortization (EBITDA) currently totals about $65 million.

A representative for Coastwood declined to comment on the reported sale exploration Wednesday. A representative for Discovery did not immediately respond to a request for comment.

In 2022, Lee Equity Partners and Coastwood Senior Housing Partners invested in the Bonita Springs, Florida-based senior living operator. In the years that followed, Discovery’s leaders and the company’s backers embarked on a growth strategy that grew it to manage about 450 communities across the U.S. The company’s strategy centers on standing up regional platforms with separate brands and operations all linked under the Discovery Senior Living umbrella.

This year, Discovery Senior Living’s total unit count eclipsed that of Brookdale Senior Living (NYSE: BKD), making it the nation’s largest senior living operator.

Earlier this week, Discovery announced the acquisition of Sunshine Retirement Living, an Oregon-based operator with 33 communities under management.

If the sale rumors materialize into a tangible deal, Discovery would be the latest top-five-largest senior living operator to change hands in a sizable deal this year, but it would not be the first. Earlier in October, Sunrise Senior Living changed hands in a $1 billion deal that transferred majority ownership to BDT & MSD Partners, with the rest of the company owned by its executive team. Sunrise paired that announcement with news of a sizable $7.5 billion development pipeline.

Tim is a lover of bad jokes and board games. When he's not hunched over his work computer, Tim can usually be found hunched over his personal computer.

## Entities

- Senior Care (sector)
- Senior Housing News (publication)
- senior living (topic)
- William Blair (company)
- valuation (topic)
- Tim Regan (person)
- Brookdale Senior Living (company)
- Discovery Senior Living (company)
- investment banking (topic)
- Sunrise Senior Living (company)
- BDT & MSD Partners (investor)
- company sale (topic)

---
Originally reported by Tim Regan, Senior Housing News (https://seniorhousingnews.com/2026/10/21/discovery-senior-living-owners-reportedly-exploring-selling-nations-largest-operator/). Summarized by Burnaze (https://burnaze.com/article/d2a89add-5128-4906-8f0a-38a60c58e56c).