The new top leader of Brookdale Senior Living (NYSE: BKD) is taking the company in a “far more offensive” direction while consolidating its regional leadership structure and further tilting toward ownership of the communities it manages. Nick Stengle, who ascended to the CEO role of Brookdale in October, said that the Brentwood, Tennessee-based senior living […]
Sinceri Senior Living has exploded with growth in the last five years, going from 37 communities in 2020 to 138 today. The Vancouver, Washington-based operator has hit the accelerator on expansion through third party management contracts, with plans to continue growing looking ahead. Earlier this month, took an additional 38 communities into its portfolio after […]
This story is part of your SHN+ subscription Early Thursday, Brookdale Senior Living (NYSE: BKD) named Nick Stengle as its new CEO, filling a vacancy left open since former CEO Cindy Baier stepped down in April. Stengle, who is taking the reins at the nation’s largest senior living operator on Oct. 6, previously worked as […]
Brookdale Senior Living continues to prune its senior living assets with a goal of reducing its portfolio to 550 communities by the middle of next year, according to Chief Financial Officer (CFO) Dawn Kussow. During the 2025 Global Health Care Conference by Jefferies, Brookdale leaders outlined plans to alter the size of the company’s senior […]
Earlier this month, Gallaher Companies launched a new management company – all part of a larger plan to create a “boutique luxury provider” offering senior living lifestyle, wellness and care options. Through its new management company, Gallaher Signature Living, the company aims to expand with seven continuing care retirement community (CCRC) projects. Leading the charge […]
Scott Edmunds, Executive Chef at Brookdale Senior Living, has been named an inaugural winner of the DISHED Senior Living Dining Innovation Awards Class of 2025 by Senior Housing News. As a Culinary Canvas Award winner, Senior Housing News recognized Edmunds for his engaging presence with residents and staff at Brookdale Park Place, located in Spokane, […]
Senior living operators and their ownership groups may still have opportunities to increase pricing as development rates deplete new supply. This scarcity will give providers more pricing power, according to Ventas (NYSE: VTR) Executive Vice President, Senior Housing Justin Hutchens. “Pricing opportunity goes up as scarcity goes up, which is very logical,” Hutchens said during […]
Senior living residents have lower emergency department visits, hospitalizations and skilled nursing admissions compared to those who have yet to move into a community, according to new research published earlier this week by National Investment Center for Seniors Housing and Care (NIC) and University of Chicago NORC. NORC and NIC analyzed Medicare fee for service […]
This story is part of your SHN+ subscription In 2025, some regional operators are expanding their holdings nationally while narrowing their focus on certain parts of the care continuum. Earlier this month, Evergreen Management announced it was taking on 57 Arden Courts communities formerly operated by ProMedica. The move represents a big shift for the […]
Brookdale Senior Living (NYSE: BKD) is seeing the results of its “SWAT” team efforts to improve occupancy across its low-performing properties, according to interim CEO Denise Warren. As of the second quarter, 129 of Brookdale’s 617 senior living communities reported occupancy below 70% and 74 communities reported occupancy in the second quarter between 70% and […]
