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Brookdale Senior Living
Though the year is new, the top issues worrying the industry’s leaders are not — particularly the workforce crisis. Staffing is still top-of-mind for executives at companies such as Brookdale Senior Living (NYSE: BKD), National Health Investors (NYSE: NHI) and Senior Star. Labor expenses are climbing for many senior living companies across the U.S., and […]
Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]
Pegasus Senior Living has made progress turning around the nearly three dozen former Brookdale Senior Living (NYSE: BKD) properties it took over last year — having grown occupancy and built out leadership teams, the operator is anticipating a wave of CapEx in the year ahead. All of this is aimed at positioning Pegasus to potentially […]
Brookdale Senior Living (NYSE: BKD) is offering a new glimpse of its recent renovations, redesigns and expansions — including an effort to meet the growing demand for memory care services. The Brentwood, Tennessee-based company has completed more than 650 such projects since January, 2018, representing an investment of about $330 million in almost 300 U.S. […]
The nation’s largest senior housing provider has hired a former 3M executive and current Best Buy board member to fill a newly created senior living leadership role. Brookdale Senior Living (NYSE: BKD) announced Tuesday it had hired Cindy R. Kent as its new executive vice president and president of senior living. Kent is set to […]
The year is almost over, but Atlas Senior Living isn’t done with its 2019 growth just yet. The Birmingham, Alabama-based senior living provider announced Monday that it’s set to take over operations for seven former Brookdale Senior Living (NYSE: BKD) communities totaling 425 units in Florida and Georgia. Atlas on Dec. 1 closed on the […]
A senior living development underway in Denver holds the potential to become a niche community for Jewish older adults. In so doing, it could showcase why serving particular demographic groups could become a more prevalent play for senior living providers in the years to come. The 205-unit, $97 million project is dubbed Hilltop Reserve because […]
Senior living penetration rates can rise, provided the industry does a better job of integrating resident care with major health care players. That’s according to Cindy Baier, CEO of Brookdale Senior Living (NYSE: BKD), who on Wednesday spoke about the chance for senior living providers to forge such partnerships in order to grow historically stagnant […]
One of the largest senior living providers in the nation is making a push to also have the most innovative assisted living care model. Hickory, North Carolina-based Affinity Living Group hired Dr. Kevin O’Neil as its chief medical officer (CMO) about eighteen months ago. O’Neil is no stranger to the senior living world. He served […]