Leadership

The three Principals of Prime Care Properties, LLC have helped shape and now define the field of assisted living and skilled nursing in the United States.

Jay L. Hicks, CFA, is the President and Chief Executive Officer of Prime Care Management, LLC, and the President and a member of the Board of Managers of each owner entity that have together owned over 60 senior living communities. He is also the founder in 1993, President and Chief Executive Officer of Care Institute Group, Inc. Mr. Hicks holds an MBA in Finance from Boston University and has been associated with Investors Bank & Trust Holding Company in Boston and Eaton Vance Management, also in Boston, where he was responsible for analyzing all potential purchases of health care related tax exempt bonds for a high-yield fund with more than $ 2 billion of assets. He also had responsibility for negotiating and structuring all non-rated nursing home, assisted living facility and hospital bonds purchased by the entire group of Eaton Vance municipal bond funds. As CEO of Prime Care Management and affiliates, Mr. Hicks has been responsible for the selection of projects, structuring their financing, supervision of the operations in each of the facilities, and acting as the interface with the various bond funds and lending institutions that have provided debt funding and with investors in projects.

Arnold M. Whitman is the Executive Vice President of Prime Care Management, LLC and affiliates and a member of its Board of Managers. He is also the founder and Chairman of Formation Capital, a leading investment firm in Senior Care. Over the past 20 years, Arnie has strategically led Formation Capital in its growth and execution of over $8 Billion in transactions. Arnie is also a founding partner in Generator Ventures, a leading venture firm focused on the intersection of innovation and aging. He is also a partner with Aging 2.0, a global platform and community for innovators, providers, distributors, and investors focused on solutions for aging and seniors. Arnie is a former board member and Chairman emeritus of the National Investment Center for Seniors Housing and Care (NIC). He is a current board member of Genesis Healthcare, HC-One in the U.K., ASHA, Trident USA, Care Institute, Vynca, and Chronic Care Management, Inc.

Robert N. Davies is the Secretary/ Treasurer, General Counsel and member of the Board for each of the entities. Mr. Davies, the top graduate of Duke University Law School, became a senior partner at Baker & Daniels, one of Indianapolis' largest law firms, where he concentrated his practice in federal income tax planning and financing businesses. Subsequently, he formed and managed a law firm that concentrated on mergers and acquisitions of businesses, especially banking institutions. Mr. Davies has served as the General Counsel of Methodist Hospital of Indiana, Inc., an 1100 bed teaching hospital, during a period of extensive corporate restructuring and construction of a major addition to that facility. He has also been Director of Corporate Finance for a privately held, world-wide, conglomerate of manufacturing businesses. He has been Chief Legislative legal counsel to the Governor of Indiana. Mr. Davies has been a frequent writer and speaker on business, financial and tax issues. He is primarily responsible for the legal and tax aspects of the business and its capital.