Former Omega Healthcare Execs Form New Private Company, Hana 2.0

A group of long-term care veterans led by former AVIV REIT chairman Craig Bernfield are launching a new private company to acquire, develop and enter into triple-net leases on health care real estate for seniors. Hana2.0 Property Group will initially focus equally on assisted living and skilled nursing assets, co-President Jeff Marshall told Senior Housing […]

How Benchmark Rebounded After Losing Its ‘Mojo’

Not long ago, Benchmark was struggling. Although it had built a reputation as a leading senior living operator, the Waltham, Massachusetts-based company was staring down new competition and declining business results. Benchmark’s occupancy had fallen to below 88% in 2017, a departure from the 93% occupancy rate the company had grown accustomed to over the […]

From Club Med to Senior Living: Agemark CEO Has Deep Hospitality Roots

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 […]

How Senior Star, Country Meadows, SLC Are Rising to Workforce Challenges

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 […]

Brookdale Issues Most Heated Argument Yet Against Board Nominee Flaherty

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 Acquires 18-Property HCP Portfolio for $405M, Exits Joint Venture

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 […]

National Senior Campuses Names Beardsley as First-Ever CEO

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 […]