Late Tuesday afternoon, troubled senior living operator Assisted Living Concepts, Inc. (NYSE:ALC) named Lt. General USAF (Ret.) Charles Roadman II, M.D., as its interim president and CEO.
Assisted Living Concepts’ board fired former president and CEO Laurie Bebo, reports Bloomberg Businesweek, which cited an unnamed spokesperson as saying the board “thought it was time for a leadership change and no one issue prompted the move.”
“Dr. Roadman’s significant leadership experience, tremendous knowledge of the healthcare industry and strong commitment to excellence have been demonstrated time and again throughout his impressive career. We are pleased that he has agreed to accept the interim position during this transition period,” said David Hennigar, chairman of the ALC Board of Directors, in a statement. “We are confident in Dr. Roadman’s considerable abilities and leadership skills to concentrate on and directly address certain matters facing ALC while the company focuses on providing the quality of care that meets the expectations of our residents and the ALC Board.”
The “matters” Hennigar is referring to may include the lawsuit Ventas filed against the company in late April, which alleges that ALC is in violation with its lease with Ventas Realty.
Several ALC-operated communities are facing state regulatory actions for violating certain regulations. Three communities located in Georgia and Alabama have received notices of license or permit revocation hearings for deficiencies deemed detrimental to residents, or for not being in compliance with state regulations.
Shortly after the lawsuit was filed, ALC announced it would delay its first quarter earnings release and conference call.
“I recognize that we have areas that need attention, and those matters are my top priority,” said Dr. Roadman. “We will take the necessary steps to enhance care and the quality of our services to meet the expectations of the Board and our residents.”
Written by Alyssa Gerace