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 […]
Emeritus Corporation
There are few in the senior housing industry who have as extensive a résumé as Dan Baty. With more than 40 years experience in investing and developing in senior housing, Baty’s distinguished senior living track record has included executive positions at a number of the industry’s largest providers, including roles as president of Hillhaven, a […]
Senior Housing News kept readers in the front lines of pivotal and breaking senior living industry happenings in 2014 — from billion dollar mergers and acquisitions, to new and innovative practices among providers, to advancements in memory care dining and cutting edge senior housing designs. Here’s a list of Senior Housing News‘s most popular posts […]
While social media might not have the metrics to prove it’s leading to move ins the way traditional sales leads do, providers today say they simply can’t ignore the added benefits it can deliver elsewhere. The 65-plus population may not be spending their waking hours Tweeting on Twitter and Pinning on Pinterest, but that doesn’t […]
Thursday’s $2.8 billion merger announcement of Brookdale Senior Living (NYSE:BKD) and Emeritus Corporation (NYSE: ESC) may redefine the senior housing landscape and drive more consolidation amongst other operators, suggests a recent Barclays report on the merger. Though the merger intends to create “only nationwide network of senior living communities with fully integrated ancillary services across the continuum […]
Emeritus Corporation (NYSE: ESC) reported this week its net loss attributable to common shareholders was $35.96 million, or $0.77 per diluted share, compared to the $21.72 million, or $0.49 per share, recorded in the same quarter last year. The company’s cash from facility operations (CFFO) for the quarter was $18.8 million, or $0.40 per share, […]