MBK Senior Living is getting a new top leader. The Irvine, California-based senior living operator on Tuesday announced it had chosen Kevin Bowman as its new president. Bowman is filling a permanent role previously held by Jeff Fischer, who left MBK in July to become CEO of Volante Senior Living. In his new role, Bowman […]
Brookdale Senior Living
This article is part of your SHN+ subscription During an earnings call last week, Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier said that the company is redeploying marketing dollars from paid third-party referral sources and into internal marketing and advertising channels. The move came after the nation’s largest operator observed “softness” in some of […]
Declines in third-party referrals contributed to softer occupancy growth than leaders with Brookdale Senior Living (NYSE: BKD) looked for in Q3 2024, but they are bullish following the company’s recent move to acquire 41 properties. Brookdale sees greater “strategic flexibility” to manage its portfolio following recent transactions totaling $610 million to acquire the previously leased […]
This story is part of your SHN+ subscription. Another REIT has joined the RIDEA bandwagon. During a third quarter earnings call on Oct. 29, LTC Properties (NYSE: LTC) CEO Wendy Simpson said she was a “new convert” of the RIDEA operational structure. “For those of you who have followed us a long time, you know […]
Ventas (NYSE: VTR) is seeking to further ramp up its investments in senior living in the months ahead as it continues to push margins and occupancy higher in its senior housing operating segment. In the third quarter of 2024, Chicago-based real estate investment trust (REIT) invested nearly $937 million to acquire 26 properties for its […]
This article is part of your SHN+ subscription As revenue grows and operators claw back margins this year, senior living operators hold a favorable outlook for the sector’s path ahead. This optimism has come through in recently released survey data, as well as in conversations I’ve had with industry leaders – and in a bullish […]
This article is part of your SHN+ subscription This week Brookdale Senior Living (NYSE: BKD) announced it will buy 41 of its leased communities for $610 million, increasing the company’s share of owned and managed units to about two-thirds of its total portfolio. Brookdale funded the transaction – more precisely, three separate deals with different […]
Brookdale Senior Living (NYSE: BKD) is acquiring 41 communities currently managed under triple-net leases for $610 million, the company announced Monday. The acquisition totals 2,789 units in three different portfolios of communities. Among the companies involved in the transaction are real estate investment trusts (REITs) Welltower (NYSE: WELL) and Diversified Healthcare Trust (NYSE: DHC) . […]
Brookdale Senior Living (NYSE: BKD) is continuing to grow and expand its HealthPlus program, with another 50 communities launching the program over the next month. That’s according to Brookdale President and CEO Cindy Baier, who added the Brentwood, Tennessee-based company is looking to expand the care model to a total of 130 communities by the […]
This story is part of your SHN+ subscription As the pace of senior living operators adopting value-based care models in 2024 quickens, challenges remain in growing those models. Providers are wielding data insights to spur value-based care model growth while also posing significant challenges to operators aiming to balance in making the risky transition to […]
Subscribe
Receive industry updates and breaking news from SHN