NHI’s Justin Hutchens Makes List of ‘Most Powerful CEOs’
For the fourth consecutive year, National Health Investors’ (NYSE: NHI) CEO and President Justin Hutchens has made Forbes’ lists of America’s Most Powerful CEOs 40 and Under, ranking 14th, 8th, 18th and 13th, respectively.
The 20 CEOs listed hail from publicly traded companies that have CEOs age 40 and under with the highest market caps as of March 24, 2015. Since Hutchens’ first appointment to the list in 2012, NHI has nearly doubled its market cap from $1.38 billion to $2.7 billion.
During that time, NHI’s compounded annual growth rate for normalized FFO per share and dividends per share has consistently outperformed industry peers.
Hutchens joined NHI in February 2009 as president and COO. Pursuant to a succession plan, in March 2011 he was appointed CEO.
Prior to joining NHI, he gained 15 years of senior care operations experience. His background includes multi-site management with assisted living and skilled nursing facilities.
He has national operating experience as the senior vice president and COO of Summerville Senior Living and executive vice president and COO of Emeritus Senior Living (NYSE: ESC).
Hutchens holds a Master of Science in Management from Regis University and a Bachelor of Science in Human Services from the University of Northern Colorado.
He was awarded Executive Certificates in Measurement and Control of Organizational Performance from the University of Michigan, and Strategy and Innovation from the MIT Sloan School of Management.
Erickson Living Names New Associate ED at Kansas Community
Erickson Living has named Pamela Haman the new associate executive director for Tallgrass Creek retirement community in Overland Park, Kans., which has more than 300 residents.
Previously, Haman served as associate executive director for Greenspring, an Erickson Living-managed community of nearly 2,000 residents and 1,000 staff in Northern Virginia.
Haman has been a Licensed Nursing Home Administrator for 12 years in both Massachusetts and Ohio.
Prior to joining Erickson Living, she was the executive director at Kindred Transitional Care and Rehabilitation Highgate in Dedham, Mass.
South Carolina Retirement Community Welcomes Business Manager
Wellmore, a retirement community slated to open in early June 2015 in Tega Cay, S.C., recently announced the appointment of Valarie Elliott as business manager.
In her new role, Elliott will manage the administrative and business aspects of the campus including payroll, accounts receivable and human resources. Under the supervision of the executive director, Elliott will maintain member and staffing files to promote seamless billing and compensation practices.
Elliott is an experienced human resources professional within the health care and retirement industries. She most recently served as human resources director and assistant business office manager for Consulate Health Care’s Hunter Woods Nursing and Rehabilitative Services located in Charlotte, N.C.
She has also worked as human resources director and assistant business office manager for Consulate Health Care’s Wilora Lake Healthcare Center.
Once open, Wellmore of Tega Cay will include 80 assisted living apartments, 48 skilled nursing suites and 24 Alzheimer’s and dementia care suites that will cater to a luxury lifestyle.
NAI Capital Names Director of Research, Public Relations
Southern California-based NAI Capital, which works with developers, investors and operators of senior housing projects across the U.S., recently announced that J.C. Casillas has joined NAI Capital as director of research and public relations for NAI Capital’s 14 offices in the Los Angeles, Orang, San Bernardino, Riverside and Ventura counties.
Casillas brings to the position 17 years of commercial real estate market research experience. In this newly created role, he will work with senior management to build a research department and create a proprietary database for commercial real estate market research and analysis.
Additionally, Casillas will work closely with the local offices’ executive vice president and branch managers to oversee the market research operations and public relations efforts.
Previously, he served as regional vice president and director of research and marketing of Newmark Grubb Knight Frank’s seven Southern California offices. Before that, he was regional research services manager at Grubb & Ellis.
Eagle’s Trace Hires Personal Moving Consultant
West Houston, Texas-based Eagle’s Trace, one of 18 continuing care retirement communities (CCRCs) managed by Erickson Living, has appointed Haven Benoit as its personal moving consultant in the Department of Sales.
Benoit joins Eagle’s Trace with 12 years of experience in the real estate market of Houston with a focus on senior living.
As personal moving consultant, she will coordinate the retirement community’s realty and moving services, a program designed to help new residents sell their houses quickly and profitably and make a seamless, worry-free move to Eagle’s Trace.
Benoit will connect clients to a trusted team of local professionals with expertise in realty, staging and senior move management services. She will also schedule complimentary home appointments with customers to assist in downsizing, scheduling and laying out their new floor plan at Eagle’s Trace.
In its independent living neighborhood, Eagle’s Trace has 463 one- and two-bedroom apartment homes in a variety of custom floor plans and pricing options.
Health Care REIT Appoints Steven W. Schroeder Vice President – Treasurer
In a planned transition, Health Care REIT (NYSE: HCN) has appointed Steven W. Schroeder as vice president – treasurer. Schroeder succeeds Michael A. Crabtree who retired effective April 1, 2015.
“Mike’s numerous contributions to HCN were critical in its successful growth from $600 million in enterprise value to nearly $40 billion today,” said Scott Estes, chief financial officer. “Perhaps most notably, Mike played an instrumental role in managing our numerous bank relationships including our current $3.23 billion credit facility, assisting in over $25 billion of capital raising transactions, and acting as our primary contact with the rating agencies.”
Crabtree joined HCN in 1996 serving as controller, a position he held until 2002. He assumed the duties of treasurer in July 2000, and was promoted to his current position in 2009.
Assuming the position of vice president — treasurer is Schroeder, who has served as HCN’s vice president – finance since January 2011, and has held various roles within HCN’s finance and investment teams since May 2006.
In his new role, he will be responsible for managing liabilities; rating agency and banking relationships; foreign exchange and cash management; assisting in capital raising activities; and working as a primary contact with the equity research community.
“Steve has been a key contributor over the past nine years, and I am confident he will be a great treasurer,” Estes said. “Mike has served as a mentor to Steve, and they worked closely together for years. They have actively collaborated for months to assure a seamless transition.”
Jewish Senior Life Names New CEO
Rochester, New York-based Jewish Senior Life (JSL) has named Chief Operating Officer Michael King as president and CEO, according to local reports.
Former CEO Daniel Katz recently stepped down after going on extended medical leave in January, a spokeswoman for the organization told the Rochester Business Journal. King has since served as acting president and CEO.
Previously, King served in JSL’s senior management for 10 years before becoming CEO, and has more than two decades of managerial experience in the senior services profession.
In his previous role as JSL chief operating officer, King organized several growth and planning initiatives. Prior to joining JSL in 2005, he was an administrator at St. Ann’s Community in Rochester, where he managed operations for the skilled nursing facility. He also spent four years as vice president and administrator of record at the Weinberg Campus in Buffalo.
King currently serves as board member for Lifespan. As a member of the governance committee he screens and nominates candidates for the Lifespan Board of Directors and participates in strategic planning initiatives for the organization. In addition to his role at Lifespan, King also serves as a committee member of the Skilled Nursing Cabinet for LeadingAge New York.
Peter Corless Joins OnShift’s Executive Team
OnShift, a provider of human capital management software for post-acute care and senior living, today announced that Peter Corless has joined the company as executive vice president of enterprise development.
Corless will draw on his experience leading human resources at multinational post-acute health care organizations to develop strategic client relationships that support OnShift’s growth in long-term care and senior living.
Corless is a recognized HR leader in post-acute care and is known for his achievements at some of the country’s largest post-acute care organizations, including Kindred Healthcare and Genesis HealthCare.
Throughout his career, Corless has directed all HR functions, implemented programs that reduced employee turnover 45% and created recruiting and hiring strategies that saved more than $15 million.
Most recently, Corless served as the American Health Care Association/National Center for Assisted Living’s liaison to multi-facility operator executives. While at AHCA/NCAL, Corless worked with senior executives at the largest operators to ensure their issues are at the forefront of AHCA/NCAL policy.
“Peter’s industry experience and insight will be a great benefit to OnShift’s clients,” said Mark Woodka, CEO of OnShift. “His track record in HR leadership, expertise in workforce strategies, and relationships in post-acute care are a great fit for OnShift and the health care providers we serve.
Front Porch Welcomes John Woodward as CEO
Front Porch — a not-for-profit support system for a family of companies that serve individuals as they age — today announced that John M. Woodward will join the organization as CEO.
Woodward succeeds Front Porch founders and co-CEOs Mort Swales and Gary Wheeler who are entering retirement.
Woodward’s involvement with Front Porch began 20 years ago when Swales and Wheeler called upon Woodward to help with the formation of Front Porch from the merger of three organizations: Pacific Homes, California Lutheran Homes and FACT.
He also participated in deliberations resulting in the affiliation and eventual Front Porch acquisition of Sunny View Lutheran Home located in Cupertino, Calif.
“Today, we welcome John and herald the next generation of executive leadership,” said Denzil Suite, chair of the Front Porch Board of Directors. “John brings to this role a deep understanding of our business and mission. We are confident that his proven leadership, exemplary interpersonal skills, and strategic thinking will propel Front Porch in its achievements and serve the organization well into the future.”
Woodward brings to the position more than 30 years of experience in investment banking, and expertise in assisting not-for-profit health care organizations with capital planning, debt issuance and long-range business strategy.
Woodward’s career spans executive roles at Bank of America Merrill Lynch, PaineWebber/UBS Investment Bank, Kidder, Peabody & Company, Lazard Freres & Company and more, where he managed the planning and implementation of major expansion programs, reorganizations, and mergers and the acquisition of facilities for a wide range of clients.
His client relationships included large multi-hospital systems, academic medical centers, community hospitals, physician practices and large senior living organizations.
“In all my years working with organizations that serve older adults, Front Porch is in a distinctive class,” said Woodward, who will officially begin his role as Front Porch CEO on May 6. “The level of innovation, steadfast respect for community, and high quality of service and professionalism continues to set a new standard.”
As an advisor to senior management and boards of directors, Woodward has participated in strategic planning as well as legislative initiatives.
Written by Emily Study