The nation’s largest senior living provider is progressing toward having a more market-specific pricing method for its communities. After a pilot project, more than 170 Brookdale Senior Living (NYSE: BKD) communities now are utilizing the Senior Living Revenue Optimizer tool from Prorize, a company specializing in revenue management for rent-driven industries. The tool crunches data […]
Brookdale
Beer, sausage, and senior living innovation. That might sound like an odd combination to most people, but not those who know about the Direct Supply Innovation Center in downtown Milwaukee. It is turning the largest city in Wisconsin—already famous for its suds and bratwurst—into a hotspot for cutting-edge senior living technologies. Unveiled by senior living […]
Private equity firm Blackstone Group (NYSE: BX) increased its senior housing holdings in the first quarter of 2017, acquiring 26 properties operated by Senior Lifestyle from real estate investment trust Welltower (NYSE: HCN) for $745 million.* This was one of the largest deals to close in the first quarter of the year, according to a […]
A potential class action lawsuit recently filed in Florida takes aim at Brookdale Senior Living’s (NYSE: BKD) staffing practices and pushes for more transparency from the company, the nation’s largest senior housing provider. Gloria Runton first moved into a Brookdale facility in Florida in May 2015, the legal complaint states. Since that time, her care needs have […]
We’ve sprung ahead! Hopefully you aren’t dragging too much after turning the clocks forward this weekend, but if you need to have an extra cup of coffee, we understand—and are happy to provide you with some reading while you caffeinate. The rumors around a potential buyout of Brookdale Senior Living (NYSE: BKD) have been swirling […]
Senior living providers have been slow to partner with health systems and payers, but Capital Senior Living (NYSE: CSU) hopes to play a “leading role” in this going forward, according to CEO Larry Cohen. “It’s the Holy Grail,” Cohen said these types of partnerships. His comments came Tuesday on a fourth-quarter 2016 earnings call. The […]
Fortress Investment Group (NYSE: FIG), the investment management firm behind Holiday Retirement and New Senior Investment Group (NYSE: SNR), will be acquired by Japanese technology giant SoftBank Group for about $3.3 billion in cash. The companies confirmed the deal late Tuesday, after The Wall Street Journal first reported on it. The acquisition has sparked speculation […]
Start your week off right by catching up on the most popular recent Senior Housing News articles and items of interest from around the web. Today’s edition begins with a dose of inspiration from 81-year-old Bob Wood, who walked into a guitar shop, picked up an instrument, and …. The video has been around for […]
In C-Suites across the country, senior housing executives are trying to get a read on the year ahead. The inauguration of President-elect Donald Trump is fast approaching, and while there have been some signals as to what policies will change, major questions remain about his approach to health care. Still, several senior living leaders believe […]
An activist shareholder in Brookdale Senior Living (NYSE: BKD) is trying to ratchet up pressure on the company’s leaders, urging them in an open letter to successfully negotiate a partial or complete sale of the company—or face the music from shareholders. Rumors of a brewing Brookdale takeout surfaced on Tues., Jan. 10, when the Wall […]