The Aspenwood Company Appoints Terry Purchal as Chief Financial Officer
The Aspenwood Company, an industry leader in luxury senior living management throughout the southern United States, is pleased to announce the appointment of Terry Purchal as Chief Financial Officer (CFO). Terry brings an exceptional track record of results-driven financial leadership and extensive experience in senior living, healthcare, diversified private equity, and banking.
In his previous role as CFO for The Legacy Senior Communities, Terry demonstrated exceptional skill in developing analytics-driven strategies and leading teams to achieve positive financial outcomes. With over 25 years of leadership experience, he is a trusted advisor and accomplished business leader, renowned for his decision-making acumen. Terry’s extensive knowledge and experience make him a valuable addition to The Aspenwood Company’s executive team.
As The Aspenwood Company has expanded its operational portfolio by over 63% in Q1 2024, Terry will oversee all financial operations, including budgeting, forecasting, and financial reporting. He will also collaborate closely with the executive team to develop and implement financial strategies that align with The Aspenwood Company’s mission and long-term goals.
"We are thrilled to welcome Terry as our new Chief Financial Officer," said Heather Tussing, President of The Aspenwood Company. "His extensive experience and proven strengths in financial management and strategic planning will be instrumental in continuing our company's growth and ensuring success in providing exceptional experiences to the residents who call our communities home."
"I am honored to join The Aspenwood Company and look forward to contributing to its mission of providing excellence in service," said Terry Purchal. "I am excited to work with such a dedicated team and to leverage my experience to help drive the company's overall success and enhance community operations."
Through its recent acquisitions in Houston and the greater Dallas area, along with the opening of The Village on Morehead in Charlotte, NC, The Aspenwood Company has added over 980 units as part of its strategic growth plan for 2024. This expansion significantly strengthens Aspenwood's presence in Texas and beyond, enhancing its capacity to provide exceptional senior living services across the country.
About The Aspenwood Company
The Aspenwood Company is a Houston-based senior living hospitality firm providing independent living, assisted living and memory care services. The company currently operates 20 communities across Texas, Arkansas and North Carolina, with an upcoming expansion slated for a new community in Nashville, Tennessee in early 2025. Each location is thoughtfully planned with the singular objective of promoting the health and well-being of residents and their families. The company was included in the prestigious 2023 Best Workplaces for Aging Services in the United States for the fourth consecutive year. For more information, visit theaspenwoodcompany.com