Movers & Shakers: Brookdale’s New Board Chairman

Brookdale Appoints New Director and Non-Executive Chairman of the Board Brookdale Senior Living (NYSE: BKD), the largest senior living operator in the U.S., announced that its Board of Directors has appointed Daniel Decker as Class I director and the non-executive chairman of the board in replacement of the late Granger Cobb, effective Oct. 1. “Dan is […]

Private Equity Groups Sold Sunrise Stake for $400 Million

The three private equity groups that invested in Sunrise Senior Living’s management business sold their stake for $400 million, according to a letter to investors obtained by Bloomberg News. Kohlberg Kravis Roberts & Co. L.P. (KKR), Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC purchased an 80% stake in the business for […]

Sunrise Senior Living Names CEO Mark Ordan’s Successor

Sunrise Senior Living, LLC announced Thursday that Penny McIntyre will succeed Mark Ordan as the company’s chief executive officer, effective November 18, 2013. The board-appointed replacement represents an expected transition following Ordan’s announcement last November that he would depart the role following the sale of Sunrise to Health Care REIT.  McIntyre has more than 20 […]

Senior Living Operators Repositioning Assets to Boost Revenue

With new development in the pipeline and coming onto the market, senior housing operators and landlords are looking for ways to reposition existing properties to target future generations and achieve return on investment. “There’s more segmentation [in the senior living industry]. People are trying to brand,” said Daniel Decker, founder and principal of investment firm CoastWood […]

PBS Previews Forthcoming Assisted Living Documentary

***Update: Read our coverage of the industry’s response to last night’s airing of Life and Death in Assisted Living.  The senior living industry is poised for Tuesday night’s airing of a one-hour documentary titled “Life and Death in Assisted Living”—exploring the state-regulated assisted living industry—on PBS, which released previews of its coverage earlier this week. Frontline […]

Senior Living Prepares for Next Big Wave of Consolidation

Serving the nation’s growing aging population could lead to widespread consolidation among senior living operators striving to provide services under healthcare reform, according to experts attending Senior Housing News’ 2013 Summit in Chicago on Thursday. An important factor has been development relating to RIDEA, which has been a “tremendous game-changer” for operators, according to Dan […]

Sunrise Senior Living’s Management Company Business Acquired for $130 Million

Kohlberg Kravis Roberts & Co. L.P., Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC will acquire the management company business of Sunrise Senior Living (NYSE:SRZ) for approximately $130 million, Health Care REIT (NYSE:HCN) announced on Friday, Sept. 14. For its part, HCN will invest approximately $26 million for a 20% interest in […]