Mainstreet Creates Operating Company

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An Indiana developer is launching an operating company. Carmel-based Mainstreet Property Group LLC says David Stordy will be president of the new division. March 24, 2014

News Release

INDIANAPOLIS, Ind. - Mainstreet, the nation's largest and most innovative developer of short-stay, rehabilitation facilities, announced the launch of a new operating company to further revolutionize the industry and transform the patient experience.

David Stordy, an accomplished health care executive and leader, has been named president of Mainstreet's new operating company.

"Mainstreet is committed to fundamentally changing the way health care is delivered," Founder and CEO Zeke Turner said. "Consumers are demanding the kind of high-end, hospitality-oriented amenities that Mainstreet builds. The decision to move into operating some of the facilities we build is a natural one and consistent with our mission to transform the industry across the United States. We are very excited to have David on board to lead this effort. He is a well-known and respected leader within the sector who will bring a fresh perspective and innovative ideas to our company."

Mainstreet's developments under construction in Bloomington and Carmel, Indiana will be the first that will be run by Mainstreet's operating company.

Stordy, Mainstreet's new operating company president, is a health care industry veteran. He has served as the President of Golden LivingCenters, which has more than 300 properties in 21 states with annual revenues in excess of $2.0 billion. Prior to joining Golden Living, David has successfully functioned in prominent operations leadership positions including serving as a Senior Vice President of Operations for SunBridge Healthcare and Kindred Healthcare.

"I am excited to join the Mainstreet team and help execute on our shared vision. Mainstreet has a long track record of success. I was attracted to this opportunity primarily because of our vision to transform the industry by providing a superior customer experience within the finest 'first class' medical resorts," Stordy said.

About Mainstreet

Indiana-based Mainstreet is the nation's most-innovative developer of short-stay rehabilitation properties, known for acquiring and developing desirable, concierge-based health care properties. The company's industry-leading Next Generation designs meet the demands of the Baby Boomer, creating communities with multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness. Mainstreet was named to the Inc 500/5000 list of fastest-growing companies in 2010, 2011 and 2012. For additional information, visit www.mainstreetcap.net.

Source: Mainstreet Property Group LLC