The U.S. long-term care industry as we know it is on its last legs, and innovative new communities are about to redefine extended-stay, residential senior living. So say two high-profile leaders in the sector, who recently teamed up and have ambitious plans.

Zeke Turner is the founder and CEO of Mainstreet, a Carmel, Indiana-based development and investment company that some say essentially invented post-acute, transitional care as a standalone offering. Bill Thomas, M.D., is the man behind the Eden Alternative and The Green House Project, in which small groups of residents live in more homelike settings with greater autonomy than in traditional nursing homes.

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