Brookdale Names New CEO, Ends Strategic Review Process

Brookdale Senior Living (NYSE: BKD) will soon have a new CEO. The nation’s largest senior living provider on Thursday announced changes to its executive and board leadership and the conclusion of a strategic review process that has been ongoing for about a year. Lucinda Baier, currently CFO of Brentwood, Tennessee-based Brookdale, will assume the CEO […]

Senior Housing Feels the Pain as Stock Markets Plunge

Senior housing owners and operators saw their share prices slide on Monday as the markets plunged, with the Dow Jones industrial index posting its largest-ever intraday decline of nearly 1,600 points. Toldeo, Ohio-based Welltower Inc. (NYSE: HCN) finished the regular trading day down 3.28%, Chicago-based Ventas Inc. (NYSE: VTR) posted a decline of 2.67%, and […]

LCS Starts to Execute on New CEO’s Agenda

Joel Nelson officially took the reins as Life Care Services president and CEO on Jan. 1, and the company is making moves on some of the top priorities he identified after being named to the position. The Des Moines, Iowa-based company is one of the largest senior living operators in the nation, and is the […]

Welltower Bullish on Senior Housing JVs After Stellar Results

Welltower Inc. (NYSE: HCN) wants to expand its joint ventures with operating partners, to capture some of the financial upside from communities that are outperforming their local markets. But don’t expect the real estate investment trust (REIT) to partner with Brookdale Senior Living (NYSE: BKD) on these types of JVs, at least any time soon. […]

Ventas Faces Stiff Tests in 2018

A newly announced joint venture might bear fruit in the coming years, but more immediately, real estate investment trust Ventas (NYSE: VTR) is facing short-term challenges. These include supply-demand mismatches in some markets, and the ongoing woes of Brookdale Senior Living (NYSE: BKD), the nation’s largest provider and a significant tenant for the Chicago-based REIT, […]

Senior Lifestyle CEO: C-Suite Restructure Already Paying Off

One of the nation’s largest senior living providers, Senior Lifestyle, has reconfigured its leadership structure with the goal of being more nimble even as it gains scale. Its growth is expected to come in both senior housing and ancillary services such as home health. The Chicago-based company currently is the seventh-largest senior living operator in […]

Provision Living Finds Success at a Fraction of Its Former Size

Bigger is not always better in senior living. The struggles of industry giant Brookdale (NYSE: BKD) are evidence of this, but a different provider—St. Louis-based Provision Living—offers another case study in the merits of being a leaner, more focused enterprise. Founded in 2005, Provision had grown to about 40 properties in 11 states by 2015, in […]