About six months ago, Le Groupe Maurice (LGM) founder and CEO Luc Maurice received an offer he could not refuse — however much he wanted to. The private equity investors in Le Groupe Maurice were going to buy Maurice out, to the tune of nearly $1 billion. He had no choice but to take the […]
Many senior living executives today have hospitality backgrounds, but few can say they worked with the original owners of Club Med — except for Agemark CEO Richard Westin. Westin joined the legendary resort company in 1962 after meeting co-owners Gilbert Trigano and Gerard Blitz the previous year. In fact, he was the very first American […]
Senior living is in the middle of a transformative period. Supply and demand dynamics are imbalanced. Providers are grappling with oversupply in markets across the United States, while determining how to address the arrival of the baby boomers and the growing middle market. And the available labor pool is at record lows during the longest […]
The need for caregivers is growing, and senior living providers are faced with the dual challenges of higher wages and a tight labor pool. As a result, more providers are looking at ways to more successfully recruit new talent and improve employee engagement to reduce turnover. Executives from Senior Living Communities, Senior Star and Country […]
Atria Senior Living has announced a new middle-market brand called Gladwell, and the company has also added to its leadership team, including by hiring a chief human resources officer who previously worked for GE. Louisville, Kentucky-based Atria is one of the largest senior living operators in the United States, providing management for about a dozen […]
The gloves have come off in an ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings. Brookdale on Thursday ratcheted up the intensity of its arguments against board nominee Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), who was put forward by activist shareholder […]
Brookdale Senior Living (NYSE: BKD) has inked several new transactions with HCP (NYSE: HCP) that both companies say better position them for the future. The multiple transactions will see Brookdale assume ownership of an 18-property leased portfolio for $405 million, step away from a joint venture and reconfigure lease obligations, the companies announced Tuesday. The […]
The largest nonprofit senior living organization in the country has a chief executive for the first time in its history. National Senior Campuses (NSC) named Bruce Beardsley as its new CEO on Tuesday. He will be focused in part on creating a future-focused strategy for the organization, which could involve new and more affordable continuing […]
Senior Resource Group (SRG) has implemented new evidence-based wellness offerings, announced a new program to reduce hospital readmissions, joined a virtual reality research project, and helped launch a new effort related to Medicare Advantage — all in the past 12 months. But CEO Michael Grust isn’t calling this a new chapter for the Solana Beach, […]
In a move that will further integrate senior housing within the Medicare Advantage landscape, real estate investment trust Welltower (NYSE: WELL) has formed a partnership with Anthem (NYSE: ANTM) affiliate CareMore. The partnership aligns with Welltower’s ongoing push to move senior housing and care into a more central role within the overall U.S. health care […]
