Cindy Baier knows that she has her work cut out for her as the new CEO of Brookdale Senior Living (NYSE: BKD), and she is frank that success will only come after she makes some hard decisions. Not only has Brookdale—the nation’s largest senior living provider— been underperforming, the industry as a whole is facing […]
Brookdale Senior Living (NYSE: BKD) will soon have a new CEO. The nation’s largest senior living provider on Thursday announced changes to its executive and board leadership and the conclusion of a strategic review process that has been ongoing for about a year. Lucinda Baier, currently CFO of Brentwood, Tennessee-based Brookdale, will assume the CEO […]
Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]
Joel Nelson officially took the reins as Life Care Services president and CEO on Jan. 1, and the company is making moves on some of the top priorities he identified after being named to the position. The Des Moines, Iowa-based company is one of the largest senior living operators in the nation, and is the […]
Welltower Inc. (NYSE: HCN) wants to expand its joint ventures with operating partners, to capture some of the financial upside from communities that are outperforming their local markets. But don’t expect the real estate investment trust (REIT) to partner with Brookdale Senior Living (NYSE: BKD) on these types of JVs, at least any time soon. […]
A newly announced joint venture might bear fruit in the coming years, but more immediately, real estate investment trust Ventas (NYSE: VTR) is facing short-term challenges. These include supply-demand mismatches in some markets, and the ongoing woes of Brookdale Senior Living (NYSE: BKD), the nation’s largest provider and a significant tenant for the Chicago-based REIT, […]
The most-read Senior Housing News stories from the past week both involved COOs. Last Monday, readers were eager to hear more about why Chicago-based Senior Lifestyle decided to appoint co-COOs. A day later, the hot story was that Labeed Diab is exiting the COO post at Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD). When Brookdale […]
One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Chicago-based company currently is the seventh-largest senior living operator in […]
Bigger is not always better in senior living. The struggles of industry giant Brookdale (NYSE: BKD) are evidence of this, but a different provider—St. Louis-based Provision Living—offers another case study in the merits of being a leaner, more focused enterprise. Founded in 2005, Provision had grown to about 40 properties in 11 states by 2015, in […]
Senior Lifestyle Corp. has named new co-COOs and a new chief clinical officer as part of a leadership realignment. One of the new COOs, Justin Robins, is an internal promotion. The other, Jim Pusateri, most recently worked for Senior Lifestyle rival Brookdale Senior Living (NYSE: BKD). Robins has had a 21-year career with Chicago-based Senior […]
