Description
Cassia is a leading provider of senior living solutions dedicated to enhancing the quality of life for seniors. Our mission is to create vibrant, engaging communities that promote independence, wellness, and meaningful connections. We are seeking an experienced and dynamic Vice President of Strategic Development to join our executive team and drive our growth initiatives. As part of our senior leadership team, you would help deliver our mission and values of "serving all by following One" as we are a faith-based, nonprofit organization that was formed between the affiliation of Elim Care and Augustana Care.
The Vice President of Strategic Development based in Edina, Minnesota, will be responsible for coordinating the development and execution of our growth-related strategic plans to expand Cassia's market presence. In this role, you will identify, collaboratively evaluate and facilitate the strategic transition of senior care and living communities for either acquisition, merger or management by Cassia. The individual will also facilitate our strategic planning process. This role requires experience with initiating and implementing mergers/acquisitions, a strong understanding of the senior living industry, exceptional leadership skills, and the ability to build and maintain relationships with key stakeholders.
Responsibilities:
Business Development and Growth
Collaboratively develop and implement a strategy to achieve company growth targets in new and existing markets and service lines.
Manage lifecycle of business transactions, including initiating and managing stakeholder and professional relationships leading to mergers/acquisitions, and strategic partnerships.
Conduct due diligence to assess the viability and risks of potential transactions.
Lead negotiations with potential buyers, partners, or sellers to secure favorable terms.
Work closely and collaborate with various departments, including finance, legal, operations, clinical, and HR to ensure seamless execution of transactions including divestitures when needed.
Maintain positive relationships with new and existing 3rd party management/owners and follow-up on topics overlapping the contract (Ops manages day to day).
Establish an internal protocol and metrics by which project priorities and viability are evaluated, including appropriate integration of key stakeholders.
Strategic Initiatives:
Foster a culture of innovation within the organization and industry stakeholders, including investors, operators, and community organizations
Oversee the planning, execution, and monitoring of strategic initiatives and projects
Ability to facilitate discussions, generate consensus to create specific outcomes
Track and analyze the performance of strategic initiatives
Lead market research efforts to understand trends, competitor activity, and customer needs
Prepare and present business proposals and strategic plans to the executive team and board of directors
Acts as the staff liaison to the Strategic Planning Committee of the Cassia Board of Directors
Requirements
10+ years of experience in mergers / acquisitions, business development, and/or startups. Experience preferred in senior living or healthcare sectors.
Proven track record of initiative, collaboration and entrepreneurial outcomes
Strong analytical skills with the ability to interpret market data and develop actionable strategies
Current knowledge of legal regulatory and risk variables involved in new business development, mergers and acquisitions
Ability to prioritize and manage multiple tasks
Excellent skills in problem definition and resolution
Collaborative work style and/or knowledge of financial aspects such as payer sources, financials and net incomes
Ability to develop and maintain positive relationships with key stakeholders
