The nation’s largest senior housing provider is standing firm against allegations of Medicare fraud first brought against the company in 2012. Brookdale Senior Living (NYSE: BKD) has asked the U.S. Court of Appeals for the Sixth Circuit to uphold a November 2015 decision rejecting a nurse’s False Claims Act lawsuit against the company for home […]
Brookdale Senior Living
This week, Senior Housing News readers learned about a new senior living company founded by a former Brookdale executive. Readers were also clued into why electronic health record adoption is expected to accelerate, and why the shifting mergers and acquisitions climate is putting senior housing cap rates into question. Here in the newsroom, we were […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN brings this on-the-spot reporting from the NIC conference, which […]
Headline reports this week falsely claimed that rapper 50 Cent sold his Connecticut home to a developer with plans to turn the estate into an assisted living facility. While those rumors sparked our attention here in the newsroom, we kept you in the know with the facts. In the wake of earnings call season, senior […]
Brookdale Senior Living (NYSE: BKD) announced today that Mark Ohlendorf, the company’s president, and Kristin Ferge, the company’s executive vice president and former chief accounting officer and treasurer, will step down in the coming weeks. The company’s CEO, Andy Smith, will assume the role of president and CEO, according to a company press release. The […]
Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern to other Five Star shareholders regarding this issue. Senior Star […]
Capital Senior Living (NYSE: CSU) CEO Larry Cohen exuded confidence during a call with investors on Thursday, emphasizing the company’s strengths and its alignment with all shareholders— months after being publicly pressured to consider a sale. In particular, Dallas-based Capital Senior Living does not share some of the same challenges as its competitors, has a size that puts it at a competitive […]
This week, Senior Housing News readers discovered where and how providers can most effectively target their marketing to drive move-ins, courtesy of CWI Associates. Readers also learned about a rapid recovery center that feels more like a hotel than an institutional care facility, REITs’ oversupply concerns, and a pilot program that led to Brookdale Senior Living […]
Discussion around oversupply in senior housing is nothing new, including back and forth about the reality of the situation. There still is no clear consensus regarding oversupply concerns in the year ahead as health care real estate investment trusts (REITs) report their earnings for the fourth quarter of 2015. Chicago-based Ventas Inc. (NYSE: Ventas) set the stage for […]
The nation’s largest senior living provider previously announced it reduced hospitalizations and cut costs during its pilot of a checklist tool in assisted living—and now it has shared some new numbers demonstrating its success. Brookdale Senior Living (NYSE: BKD) saw its hospital admissions fall an average of 17% across 46 of its assisted living communities and an […]
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