Staffing algorithms like one used by the nation’s largest senior living operator are exacerbating work shortages and often underestimating the amount of care that older adults need, according to a new investigation from the Washington Post. The latest story, published Monday, centered mainly on a staffing algorithm used by Brookdale Senior Living (NYSE: BKD) known […]
Brookdale Senior Living
This article is part of your SHN+ subscription If you’ve paid attention to Brookdale Senior Living (NYSE: BKD) in the last few years, you have no doubt heard of HealthPlus. When I spoke with Brookdale CEO Cindy Baier this week, we chatted about the program and its place in the company’s growth plans. “One of […]
Executives with Brookdale Senior Living (NYSE: BKD) say the company has laid a foundation for growth – now, in 2024, the company’s challenge is building on those preparations. Looking to the year ahead, Brookdale President and CEO Cindy Baier said the company has an expectation to “stay the course.” “We made remarkable progress last year, […]
A committee of the U.S. Senate is slated to hold a hearing soon to study assisted living, a move spurred by a recent Washington Post investigation. The Post revealed on Jan. 16 that Sen. Bob Casey (D-Pa.), chairman of the Senate Special Committee on Aging, is launching a new review of safety within the assisted […]
The recent Washington Post investigation on residents who wandered away from their assisted living communities has prompted a new review from a committee of the U.S. Senate. The Post revealed on Jan. 16 that Sen. Bob Casey (D-Pa.), chairman of the Senate Special Committee on Aging, is launching a new review of safety within the […]
Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
A new year always brings new challenges and opportunities. In 2024, the senior living industry will have plenty of both. The senior living sector endured a hard year in 2023, starting with multiple stories of operators shutting down or in distress, and ending with assisted living being slammed in the recent Washington Post series. But […]
Brookdale Senior Living has sold its remaining 20% equity interest in its home health and hospice joint-venture with HCA Healthcare (NYSE: HCA) to HCA for $27 million. Brookdale, the nation’s largest operator with 672 communities in 42 states, confirmed the sale to HCA on Wednesday. The sale comes months after Brookdale CEO Cindy Baier said […]
(Updated Jan. 3, 2023) A new Washington Post investigation has detailed dozens of incidents where senior living residents have wandered away and died as well as “bare-bones” staffing levels at communities across the country. In one article published over the weekend, the Post examined thousands of cases since 2018 where senior living residents wandered away […]
A low rate of new supply, high levels of demand, greater resident revenue and a growing occupancy rate together have Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier excited about 2024. Over the last year, Baier said the Brentwood, Tennessee-based operator has been able to lay a foundation that “sets the stage for 2024 to […]
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