Bloomberg: Assisted Living Concepts Fires Bebo, Names Interim President/CEO

Late Tuesday afternoon, troubled senior living operator Assisted Living Concepts, Inc. (NYSE:ALC) named Lt. General USAF (Ret.) Charles Roadman II, M.D., as its interim president and CEO.  Assisted Living Concepts’ board fired former president and CEO Laurie Bebo, reports Bloomberg Businesweek, which cited an unnamed spokesperson as saying the board “thought it was time for […]

Ventas Realty Suing Assisted Living Concepts for Lease Violation

On April 26, Ventas Realty, Limited Partnership, filed a lawsuit against Assisted Living Concepts, Inc. and its assorted entities, alleging the defendants are in violation of their lease with Ventas Realty due to several ALC entities facing state regulatory actions for violations of regulatory statutes. Ventas Realty, whose sole general partner is Ventas, Inc. (NYSE:VTR), is the landlord […]