Thanks, Michael. Good XXXX afternoon, everyone, and thank you quarter conference for joining call. our fourth
also the experience with organizational ALR active continue enhanced new X to a strategic to an delivering significant exceptional adult in year executed name, offering to and choice-based services trading Living new puts bring resident our customers. Senior past NASDAQ. the on the ticker lifestyle to and The under years, residence, while over and we've decision now pleased the are name We restructuring the AlerisfLife, change
wanted Before moving company. review what means this results, to rebrand more our spend for I of our thorough time quarter some to detailing fourth a
Living, Lifestyle segment, which our Star Wellness brand; Residential of our through formerly is be through as brand. Senior Five all second, known conducted Rehabilitation the operated first, Senior business segment, Services our the known formerly X operated substantially and segments: is as primarily Ageility will forward, Living primarily Going our which by Services, and
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is fourth transition weighted smaller, third-party are communities Residential our the segment managed of of of majority XX communities, which owned and communities quarter, XXX acuity higher now to in completed acuity choice-based units operators, customers. which Following our comprised the successful was lower the of towards XXX
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provider medical of that costs in efficiencies as to end through unnecessary in-home the COVID-XX. more exposed is also services illnesses where and expected serious be also trips the scale. our this a to to residents a existing provide in on-demand clinical leading Dispatch collaboration certain to At expensive could we the year, our collaboration offering markets. lower acute Adding We services our with room, Health, food of expect such can result to of announced to emergency reduce residents these service
Continued Health, and residential to differentiation with Dispatch Compass focus through and with our expect offerings such services will stronger as our relationships enhancing lead and product in longer our offering, customers. drive partnerships, adding on which we
previously last to decade the adults towards consequently And demands investment lengthened living a the As nurturing moving subtle residential pandemic, customer require have inch putting them. perspective to dynamically older noted, with average shifted in have cycle evolve into conversion of continues the we communities residents. has over pressure our older and incoming us before on even portfolio age senior an sales The and requiring experienced significant consistent Meanwhile, residents. lead shift time higher.
on several years, the over residential both earlier life focused needs cycle. lifestyle customer As demand we been customer evolving in have last meeting such, and and capturing the
is direct to represents growing Lifestyle in Services needs strategy. Services to the expansion continued segment. name change Ageility great our Services response and Rehabilitation a Lifestyle changing these AlerisfLife segment Our example our represents of into
Our outpatient X-year rehabilitation clinic at XX%. have openings grown CAGR a of
that community, stay and these to seen continue new of living outpatient our share a company. and under a in XXXX, new adding senior Residential complements that of opening an more there growing few and reduced launched Lifestyle clinic rate at Ageility this stream significant believe after opportunity was market for offering past falls XX%, is the of added the Services increased Over of service, clinics potential X% this market we minimal XX%. the business. With in by estimated the segments an a our revenue required we we length both fitness average to Similarly, have resident communities to and years, critically, investment
over this the in basis, recent approximately in continue X% to to pandemic continues X% During fourth the service and quarter consolidated been segment. We're increased our XXX,XXX, On long which that optimistic Lifestyle growth our increased has a will to over growth we quarter, quarter approximately service line revenues across third robust represented the of a the quarter increase XX% tested X.X% to pandemic third steady term. a from near visits even with fourth in revenues compared through offerings Furthermore, generate were emergence basis, increased variants. and figures of this COVID-XX fitness consolidated sequential to over and segment's see Services each the fitness rehabilitation service slight increase outpatient and recorded year-over-year sequentially. increases an the lows. On of up quarter total
remain we nimble to and changing our We anticipate retain the order will and endeavor in within and needs communities of manage. attract to the base customer residents own
and on Residential but that result, a in revenue we of segment. the remain streams, meet opportunities As customer also our choice-based drive focused our the performance needs diversify sourcing
partnerships investments this to actively time, While we have year. our are nothing pursuing of services announce our and we strategic new to at this lifestyle announce expansion and new hope
weak operating an Turning quarter emergence Overall, residential average for quarter. growth Residential in pleased results across were to the of we a the our seasonally to segment occupancy despite fourth demonstrate our basis of an the portfolio labor XXX increase residential of and third was average owned from variant Omicron quarter, a challenges highly COVID-XX, our while XX%, market. the in competitive occupancy occupancy points increased in the the line comparable roughly portfolios community points average XX to basis points third in occupancy comparable industry basis was weighted more quarter, occupancy XXX average residential for which managed living. On January, from basis, points XX.X%. residential our of portfolio managed independent average in sequentially. portfolio the with In XX.X%, in increased the community XX basis increase portfolio's a an was Average
in and results, of segment our the our months. sales made this quarter markets, competition X.X% remain Residential approximately maximizing RevPAR. sequentially across outdated community improving by focused these While we we comparable concessions holiday light we In strong encouraged processes RevPOR our decreased are as during on
the behind us. are believe now we last we concessions expect peak begin new extensive we experienced that decade, starts And XXXX. to we to of suppress the over are ahead, continue excited in supply rates Looking construction unit given increasing the will
the and provide. positive to reduction and level market. that And increased XX%, these depending premium January in we increases, to seen community given service rents the we wage on Asking X% rate inflation have
to Cody, Customer and subsequent our quarter our newly Officer, asset our end, welcome Chief excited Finally, I people, positions team. Michael of created service People new their new leadership most customers. within Lopez, The our to is Lauren team important business am our and to our our Chief Officer; to
As we expertise new to leveraging of we invaluable as and base, We chapter brand-name look us. will company. Michael's and at to large Lauren of successful this customer our expand their knowledge and forward experience our enter services organizations decades be
the AlerisfLife over leadership XXXX dedication, to team's turn Jeff, push during for grow exceptional team the continue period our I across service and in resilience of The tangible as foundation size to as quality much is to call we us, for and a transition appreciation our we the I With and the I discussion behind financial into transition to infrastructure lay Before business. of we Jeff of call gratitude our our as wanted now will optimize and customers. results. eager the our to of over level continue are to to show invest their excitement this reorganization continued to my of corporate turn team our as well the forward.
