The two founders of RW Senior Housing Development collectively have over 50 years of successful senior housing experience from development, financing, operations, acquisitions, consulting, and landlord/ownership for nursing homes, assisted living centers, and independent living facilities.
Ray Watt Founder
With over 25 years of experience in long-term care, Mr. Watt has taken on severely problematic operations and with a proactive hands-on approach, has quickly turned out success stories. Focusing on maximizing reimbursement, controlling costs, cultivating a continued census, and building trust through delivering compassionate quality care have driven his success in long-term care. Currently, he operates and owns with Mr. Robinson Cedar Hills Geriatric Center. Cedar Hills has been under Watt and Robinson’s guidance for the past six years, has been 95% occupied, consistently profitable, no major regulatory tags and no CMPS, and Cedar Hills was the only home awarded additional beds (32) in Texas due to high occupancy. Cedar Hills was purchased for 2.1m and the current valuation is 10.8m.
Formerly, he is the Chief Operational Officer and partner for a company that owned and operated North Central Texas facilities, TN facilities, and an outpatient rehab. Also, while consulting for approximately 7 years, he managed an assisted living/Alzheimer’s community in Jackson, TN. He sold a 120-bed skilled nursing and rehab facility in North Dallas to Ensign in 2007. This tremendous success story or “rescue mission” saw Mr. Watt quickly improve all systems and saw the facility value triple with under a year. Mr. Watt has extensive contacts and knowledge of the Texas health care market.
Mr. Watt is a licensed nursing home administrator in 4 states, including Texas. He has owned facilities in 3 states. He has been involved as an administrator, owner, or consult for healthcare operations ranging from start-ups, receiverships, re-openings, imminent domain closures, companies going public, companies downsizing, unionized labor negotiations and strikes, and change of ownership. For the past decade, he has been an active council member for GLG. He has a BS and MS in Public Health and Community Health Education from Southern CT.
Steve Robinson Founder
Steve has had 25 years of continued success in nursing home operations. Mr. Robinson has directed operations for 14 years throughout Texas for 13 SNFs with experience in acquisitions, divestitures, and new construction. Under Mr. Robinson’s operational guidance, this company recently sold its portfolio at the highest per bed price in Texas history. Mr. Robinson has guided the refinancing of several homes into HUD. Experienced in revenue enhancement and cost controls in addition to key management retention, systems, policy and procedures, protocols and regulatory requirements.
“Take care of the residents, take care of the employees, and business will take care of itself” is the foundation and common-sense philosophy used by Mr. Robinson for continued success. As a successful Director of Operations, Mr. Robinson has been able to transform troubled facilities into viable operations. Mr. Robinson has an established network of Texas long-term care professionals and is a qualified state of Texas trustee.
Previously, Mr. Robinson took over the poor performing operations of 5 North Central Texas nursing facilities and utilizing his hands-on philosophy turned around for a solid package sale. Formerly, he owned a successful part b Enteral Supply Company based out of the greater Austin area.
Mr. Robinson, a Texas resident for over 15 years, is a licensed administrator in Texas, Alabama, and Louisiana. He received his Business and Geriatric degrees from North East Louisiana University.