Larry H. Miller Management Corporation
The Larry H. Miller Company is a privately held, family-owned investment firm founded in 1979, operating diversified business platforms in real estate development (Daybreak, Power District), senior healthcare (Advanced Health Care, Kissito), sports and entertainment (Real Salt Lake, Megaplex Theatres), and consumer brands (Swig dirty soda) across the United States.
- Company typePrivate
- Founded1979
- HeadquartersSandy, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Larry H. Miller Management Corporation does
The Larry H. Miller Company is a privately held, family-owned investment firm founded in 1979 by Larry H. and Gail Miller in Sandy, Utah. It operates a diversified portfolio of business platforms spanning four verticals: real estate (master-planned communities including Daybreak, Downtown Daybreak, and the $3.5B+ Power District in west Salt Lake City, plus homebuilder Destination Homes and construction management firm TallyCM); senior healthcare (post-acute transitional care, skilled nursing, home health, hospice, and senior living through Advanced Health Care, Advanced Home Health and Hospice, Aspen Ridge, Advanced Senior Care, and Kissito Healthcare); sports and entertainment (Major League Soccer's Real Salt Lake, NWSL's Utah Royals FC, Triple-A baseball's Salt Lake Bees, and Megaplex Theatres operating 18 locations with 195 screens across Utah and Southern Nevada); and investments including the Swig "Original Dirty Soda" beverage franchise (150+ locations across 16 states), Prestige Financial, TaylorMed MRI, Nano Yield, and RunBuggy.
The company generates revenue through multiple streams: franchise fees and royalties from Swig's multi-unit operators, post-acute healthcare services reimbursed by Medicare/Medicaid/private insurance, real estate home and commercial sales, ticket/concession/merchandise revenue across sports and entertainment venues, and consumer financial services through Prestige Financial. Go-to-market is a mix of direct-to-consumer (owned venues and communities), franchise/licensed (Swig), and direct enterprise sales (healthcare, real estate). Patient family capital and a 45-year operating history enable long-duration investments such as the multi-year Power District master plan and senior health platform consolidation.
Strategic posture is one of active portfolio reshaping: the firm exited automotive retail in 2021 (sale to Asbury Automotive Group in the second-largest automotive transaction in history) and major-league basketball in 2020 (Utah Jazz sold to Ryan Smith), while reinvesting proceeds into senior healthcare, beverage franchising, sports (RSL/Utah Royals re-acquisition in 2025), and large-scale Utah real estate development. The Miller family retains majority ownership through Gail Miller, with Steve Miller as Chairman of the Board and Greg Miller as Vice Chairman; Steve Starks serves as CEO. No external private equity or institutional investor is indicated in the source material.
Larry H. Miller Management Corporation firmographics
Firmographics- Name
- Larry H. Miller Management Corporation
- Legal name
- LHM, INC.
- Website
- https://lhm.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- The Larry H. Miller Company is a privately held, family-owned investment firm founded in 1979, operating diversified business platforms in real estate development (Daybreak, Power District), senior healthcare (Advanced Health Care, Kissito), sports and entertainment (Real Salt Lake, Megaplex Theatres), and consumer brands (Swig dirty soda) across the United States.
- Ownership category
- akta.pro rank
Larry H. Miller Management Corporation industry classification
Industry- Product category
- Diversified Investment Holdings
- NAICS
- Management of Companies and Enterprises (551)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)
Keywords
Where Larry H. Miller Management Corporation is headquartered
LocationHeadquarters
- HQ city
- Sandy
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Larry H. Miller Management Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Franchise Fees and Royalty Revenue: Swig franchise operations generate revenue through franchise fees and ongoing royalty payments from multi-unit operators across 16 states
- Senior Healthcare Services: Post-acute healthcare services through skilled nursing, transitional rehabilitation, home health, hospice, and senior living facilities under Advanced Health Care and Aspen Ridge brands
- Sports and Entertainment: Revenue from sports team ownership (Real Salt Lake, Utah Royals FC, Salt Lake Bees), venue operations (Megaplex Theatres, Vivint Arena), and event hosting including MLB expansion efforts
- Real Estate Development: Revenue from master-planned communities (Daybreak), commercial development (Power District), home building (Destination Homes), and property management
- Consumer Financial Services: Prestige Financial provides consumer financial solutions to automobile dealerships across the United States
- Automotive Dealerships (Former): Formerly operated automotive dealerships sold to Asbury Automotive Group in December 2021 in the second-largest transaction in automotive history
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Swig franchise model with drive-thru-centric footprint |
| Subscription | Monthly | Senior healthcare services covered by Medicare, Medicaid, and insurance plans |
| Unit Pricing | Multi-year contract | Real estate property pricing varies by development and location |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Larry H. Miller Management Corporation product offering
Product offeringCore offering
The Larry H. Miller Company is a privately held family investment firm that builds, acquires, and operates businesses across real estate development, senior healthcare, sports and entertainment, and consumer financial services. The company's real estate platform develops master-planned communities, builds homes, and offers construction management services; its senior healthcare platform provides skilled nursing, hospice, home health, and assisted living services; its sports and entertainment platform owns and operates professional sports teams and movie theaters; and its financial services platform provides consumer auto financing to dealerships.
Product overview
The Larry H. Miller Company is a family investment firm with a diversified portfolio of business platforms spanning real estate, senior healthcare, sports and entertainment, and investments. Real Estate operations include master-planned communities (Daybreak, Downtown Daybreak), commercial development (The Power District), home building (Destination Homes), and construction management (TallyCM). Senior Health provides post-acute care through Advanced Health Care (skilled nursing), Advanced Home Health and Hospice, Aspen Ridge senior living, and Advanced Senior Care. Sports + Entertainment includes MLS team Real Salt Lake, NWSL's Utah Royals FC, Triple-A baseball Salt Lake Bees, and Megaplex Theatres (18 locations with 195 screens). Investments include beverage brand Swig (Original Dirty Soda), financial services (Prestige Financial), medical imaging (TaylorMed MRI), agricultural technology (Nano Yield), and automotive logistics (RunBuggy).
Differentiator
Problem solved
Functional benefit
Products and services
- Daybreak Award-winning 4,000-acre master-planned community in South Jordan, Utah featuring residential neighborhoods, commercial centers, parks, trails, and the planned downtown mixed-use area. Developed for homebuyers and commercial tenants seeking a live-work-play environment.
- Downtown Daybreak Mixed-use downtown district within the Daybreak master-planned community featuring office, retail, dining, and residential space. Designed for businesses and residents in the Salt Lake City metro area.
- The Power District Specialty commercial area within Daybreak featuring unique retail, dining, and entertainment venues. Targets consumers and commercial tenants seeking distinctive lifestyle experiences.
- Destination Homes Residential homebuilder operating in multiple U.S. states including Utah, Idaho, Arizona, Nevada, Colorado, and Texas. Builds single-family homes for individual homebuyers.
- TallyCM Construction management services firm providing pre-construction planning, construction execution, and project oversight for real estate development projects. Serves real estate developers and owners.
- Advanced Health Care Skilled nursing facility operator providing short-term rehabilitation and long-term care services. Serves patients recovering from illness, injury, or surgery across multiple locations in the western United States.
- Advanced Home Health and Hospice Provider of home health and hospice care services delivered to patients in their residences. Serves seniors and patients needing end-of-life care across multiple western U.S. states.
- Aspen Ridge Homes Assisted living community operator providing residential care, memory care, and supportive services for seniors. Serves seniors and their families seeking assisted living accommodations.
- Advanced Senior Care Long-term skilled nursing and rehabilitation provider offering specialized care programs. Serves elderly patients and post-acute care patients across multiple states.
- TaylorMed MRI Diagnostic MRI imaging service provider operating MRI scanners in multiple locations. Serves patients needing diagnostic imaging and healthcare providers seeking imaging services.
- Real Salt Lake Major League Soccer (MLS) professional soccer team competing in the Western Conference. Based in Sandy, Utah, and serves soccer fans and ticket buyers in the Rocky Mountain region.
- Utah Royals FC National Women's Soccer League (NWSL) professional women's soccer team. Based in Sandy, Utah, and serves soccer fans in the western United States.
- Salt Lake Bees Minor League Baseball (MiLB) team competing as a Triple-A affiliate. Based in South Jordan, Utah, and serves baseball fans in the Intermountain West.
- Megaplex Theatres Movie theater chain operating multiple locations across Utah, Nevada, and other states. Provides movie exhibition, food and beverage concessions, and private event rentals to general consumers.
- Swig Drive-thru beverage and treat franchise offering dirty sodas, energy drinks, shakes, and customizable beverages. Operates company-owned locations and licenses franchise rights to multi-unit operators nationwide.
- Prestige Financial Consumer auto finance company providing loans, extended service contracts, and ancillary products to automotive dealership customers across the United States.
- Nano Yield Cloud-based document and electronic signature technology platform serving enterprise customers. Held as a minority investment by the Larry H. Miller Company.
- RunBuggy Digital platform connecting vehicle shippers with carriers for automotive transportation services. Held as a minority investment by the Larry H. Miller Company.
Quantifiable outcome
- Second-largest transaction in automotive history
- +3 more outcomes
Companies that use Larry H. Miller Management Corporation
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
Larry H. Miller Management Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Larry H. Miller Management Corporation partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Field OperationscoreField Operations, an internationally acclaimed landscape architecture and urban design firm recognized for the High Line in New York City, Waterfront Seattle, San Francisco's Presidio Tunnel Tops and Domino Park, was selected as lead landscape architecture firm for Jordan River restoration at the Power District.
- Kissito HealthcarecoreLarry H. Miller Senior Health assumed operations of full portfolio of Kissito Healthcare facilities located across southeastern Virginia effective January 1, 2026. Six long-term care facilities transferred under Advanced Senior Care business line.
- RSL Football HoldingscoreMiller Family and Miller Sports + Entertainment acquired RSL Football holdings including Real Salt Lake, Utah Royals FC, Real Monarchs and RSL Academy.
- Advanced Health Care Corporation (AHC)coreLarry H. Miller Company acquired Advanced Health Care Corporation, one of the largest pure-play post-acute transitional care providers in the country. AHC, founded in Idaho in 2001, specializes in short-term nursing and rehabilitation, home health and hospice services.
- Jordan River CommissioncoreJordan River Commission collaboration for one-mile loop riverfront restoration within half-mile stretch of the Jordan River at North Temple on west side of Salt Lake City.
- State of UtahcoreState of Utah partnership for Power District development addressing state assets including Jordan River and Utah State Fairpark.
- Salt Lake CitycoreSalt Lake City partnership for Power District development and potential Major League Baseball stadium site.
- Rocky Mountain PowercoreRocky Mountain Power state-of-the-art 10-story, 300,000 sq. ft. corporate campus under construction at Power District. Groundbreaking held October 27, 2025.
- Utah State FairparkcoreUtah State Fairpark included in Power District master plan for 100+ acre development in west Salt Lake City.
- Big League UtahcoreCommunity coalition led by Miller family and Larry H. Miller Company to bring Major League Baseball expansion team to Utah. Coalition targeting shovel-ready site for new MLB ballpark at 100-acre Rocky Mountain Power District.
- Big League Utah Coalition PartnerscoreBroad-based community coalition of Utah leaders working to position Salt Lake City as ideal market for MLB expansion under 'Future of America's Pastime' banner.
- Good Morning AmericaminorGood Morning America visited Swig as part of '50 States in 50 Weeks' tour, featuring the Original Dirty Soda brand nationally.
- Food NetworkminorFood Network covered Swig dirty soda concept as part of food trends coverage, educating viewers on how to make the trendy TikTok drink.
Scale indicators11 records
Recent moves11 records
Expansion highlights6 records
Larry H. Miller Management Corporation competitors and assessment
Company assessmentDirect peers
- Inspire Brands: Multi-brand restaurant franchise holding company (Roark Capital-backed) operating Arby's, Buffalo Wild Wings, Sonic, Dunkin', Jimmy John's, and Baskin-Robbins. Most direct comp for LHM's Swig franchise roll-up strategy and unit-economics model.
- The Ensign Group: Operator of skilled nursing, transitional care, home health, and assisted living facilities across the U.S. Closest publicly traded peer for Larry H. Miller Senior Health's Advanced Health Care, Aspen Ridge, Advanced Home Health & Hospice, and Kissito operations.
- Henry Crown and Company: Privately held, family-controlled investment firm of the Crown family with diversified holdings across real estate, hospitality, and operating businesses. Closely mirrors LHM's family-owned diversified multi-platform investment model.
- Anschutz Entertainment Group (AEG): Phil Anschutz-controlled global sports and entertainment company owning arenas, teams (LA Kings, LA Galaxy), and real estate developments. Comparable sports + venue + real estate platform, especially to LHM's RSL/Utah Royals/Megaplex/Daybreak combination.
- Sterling Equities: Wilpon-family investment firm historically tied to the NY Mets and New York real estate development. Similar family-office model combining professional sports ownership with real estate operating businesses.
- Roark Capital Group: Family-office style private investment firm focused on franchised and consumer brands (Inspire Brands owns Arby's, Buffalo Wild Wings, Sonic, Dunkin', Jimmy John's, Baskin-Robbins). Closely comparable to LHM's family capital + Swig franchise thesis.
- The Kraft Group: Family-owned holding company of the Kraft family that owns the New England Patriots, New England Revolution, and Gillette Stadium while operating paper/packaging and venture investments. Directly comparable mix of sports franchises plus diversified operating businesses under family control.
Emerging players
- Galen Medical Group / Ensign Group (skilled nursing operator set): Smaller regional post-acute and senior-living consolidators targeted for acquisition by LHM Senior Health as it executes its roll-up strategy; representative of the fragmented long-tail of operators that LHMSH could acquire.
Broad incumbents
- Brookdale Senior Living: Nation's largest senior living operator; LHM board director Cindy Baier is Brookdale's former president & CEO. Most relevant incumbent for benchmarking LHM Senior Health's assisted living and senior care strategy.
- Related Companies: Stephen Ross-controlled real estate development firm responsible for Hudson Yards and large mixed-use master plans. Comparable scale and master-planning ambition to LHM's Daybreak and Power District developments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Larry H. Miller Management Corporation social profiles
Digital presenceLarry H. Miller Management Corporation compliance and trust
Trust signalCompliance1 record
Larry H. Miller Management Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Larry H. Miller Management Corporation leadership team
Management profileNumber of profiles
Profiles21 records
Larry H. Miller Management Corporation subsidiaries and ownership
Company hierarchySubsidiaries16 records
Larry H. Miller Management Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Larry H. Miller Management Corporation M&A and investment
M&A and investmentM&A2 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Larry H. Miller Management Corporation
What does Larry H. Miller Management Corporation do?
The Larry H. Miller Company is a privately held family investment firm that builds, acquires, and operates businesses across real estate development, senior healthcare, sports and entertainment, and consumer financial services. The company's real estate platform develops master-planned communities, builds homes, and offers construction management services; its senior healthcare platform provides skilled nursing, hospice, home health, and assisted living services; its sports and entertainment platform owns and operates professional sports teams and movie theaters; and its financial services platform provides consumer auto financing to dealerships.
Is Larry H. Miller Management Corporation a public or private company?
Larry H. Miller Management Corporation is a private company. It is classified as family owned and is currently operating.
When was Larry H. Miller Management Corporation founded?
Larry H. Miller Management Corporation was founded in 1979. It employs 1,001 to 5,000 people.
Where is Larry H. Miller Management Corporation based?
Larry H. Miller Management Corporation is headquartered in Sandy, United States, in the North America region.
How does Larry H. Miller Management Corporation make money?
Six revenue lines are on record. Franchise Fees and Royalty Revenue is the primary driver. The others are senior Healthcare Services, sports and Entertainment, real Estate Development, consumer Financial Services and automotive Dealerships (Former).
Who are Larry H. Miller Management Corporation's main competitors?
Direct peers on record are Inspire Brands, The Ensign Group, Henry Crown and Company, Anschutz Entertainment Group (AEG), Sterling Equities, Roark Capital Group and The Kraft Group. Galen Medical Group / Ensign Group (skilled nursing operator set) is listed as an emerging player. Broad incumbents are Brookdale Senior Living and Related Companies.
Does Larry H. Miller Management Corporation have an API?
No public API is recorded for Larry H. Miller Management Corporation.
What industry is Larry H. Miller Management Corporation in?
Larry H. Miller Management Corporation's product category is Diversified Investment Holdings. Its primary akta.pro industry code is FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest). Its NAICS code is 551 and its SIC code is 6531.