Frank Bamelis and Bart Vanderschrick: The 41-Million-Euro Titanic Empire in Senior Care
Frank Bamelis and Bart Vanderschrick, founders of Senior Assist in 2006, have built an empire in the elderly care sector, valued at over 41 million euros. Their company manages 32 residential care centers and 147 assisted living facilities in Belgium, accommodating nearly 2,800 residents and employing 1,800 people. Despite international expansion and service diversification, Senior Assist encountered financial difficulties in 2017, leading to the sale of certain assets. The company, structured with a plurality of shareholders and present in Luxembourg, illustrates the challenges and opportunities of the senior care sector, which is constantly evolving to meet the needs of an aging population.