Global alternative investment manager Apollo Global Management is the previously unannounced buyer of 22 Brookdale Senior Living communities from real estate investment trust HCP for $428 million, according to Bloomberg, citing "a person with knowledge of the matter."
The National Investment Center for Seniors Housing & Care has added Brookdale Senior Living President and CEO Lucinda "Cindy" Baier to its board of directors.
The 6th Circuit Court of Appeals on Monday reversed a federal court's dismissal of a "whistleblower" lawsuit brought by a former Brookdale Senior Living employee who accused the company and subsidiaries of submitting approximately $35 million in fraudulent Medicare claims for reimbursement.
Daniel Hudson Burnham's directive to "make no little plans" has inspired many an ambitious undertaking across our great country. Including, apparently, a plan by Brookdale Senior Living to establish the sector's first national brand.
The country's largest senior living operator could reduce the number of communities in its portfolio by 20% over the next two or three years, Brookdale President and CEO Lucinda "Cindy" Baier said Tuesday.
HCP provides update on transactions that reduce Brookdale exposure in portfolio ... Report: Most Florida assisted living communities still don't have generators ... Verma unveils state Medicaid scorecard but refuses to judge efforts
Brookdale Senior Living's new CEO, Lucinda "Cindy" Baier is a "breath of fresh air," but "she still has much to prove to the investment community to gain trust and credibility," Jonathan Litt, founder and chief investment officer of shareholder Land & Buildings, said Friday.
Residents of Brookdale Sarasota Central in Sarasota, FL, decorated hats in anticipation of a Kentucky Derby party. Find out more, and learn how to submit your photos!
In the first quarter and beyond, Brookdale Senior Living made progress on the turnaround strategy it announced in February, "but we have a significant amount of work ahead of us," CEO Lucinda "Cindy" Baier told shareholders and analysts Tuesday on the company's first-quarter 2018 earnings call.
It may be several years before demand catches up with supply in senior housing, but HCP expects to outperform the competition through five major initiatives, Executive Vice President and Chief Investment Officer Scott M. Brinker said Thursday on the real estate investment trust's first-quarter earnings call.
Real estate investment trust Ventas has agreed to restructure its Brookdale Senior Living leases "to give Brookdale support and stability while it executes its operational turnaround under its new team," Ventas Chairman and CEO Debra Cafaro said Friday on the REIT's first-quarter earnings call.
It's no secret that recruiting and retaining employees is the biggest challenge facing senior living and long-term care operators. Sometimes it takes some creativity to stand out to current and prospective workers.
Former Brookdale CEO Bill Sheriff "will help support our strategic pivot" as an adviser, current Brookdale President and CEO Cindy Baier said Wednesday.
A lawsuit against Aegis Living accuses the Bellevue, WA-based senior living community operator of putting its residents at risk of injury by insufficiently staffing communities and not informing residents that its assessment system is not used to determine staffing.
The new CEO talks about some significant work ahead for the nation's largest senior living operator.
Four current or former assisted living residents of Brookdale Senior Living communities added their names on Thursday to the lawsuit accusing the company of violating the Americans with Disabilities Act of 1990. They join three other plaintiffs in what their attorneys have said could become the first class action lawsuit against an assisted living provider filed under the ADA.
Brookdale Senior Living has named Teresa F. Sparks interim chief financial officer, the company announced Tuesday in an SEC filing. Another filing detailed compensation for new CEO Cindy Baier and Non-Executive Chairman of the Board Lee S. Wielansky.
Fosun International Limited now owns more than 9.5 million shares of the common stock of Brookdale Senior Living, the company said in a Friday SEC filing. The conglomerate reportedly was one entity "at the heart of the crackdown on China's overseas deal spree" that may have contributed to the end of negotiations by another Chinese company to acquire Brookdale.
HCP is transitioning the management of 24 senior housing communities that it owns from Brentwood, TN-based Brookdale Senior Living to Louisville, KY-based Atria Senior Living, the Irvine, CA-based real estate investment trust announced Monday.
Welltower executives said that they hope Brookdale Senior Living can focus on fundamentals now that the company has announced turnaround plans that include a management shake-up in the wake of the rejection of a buyout offer.
As Lucinda "Cindy" Baier prepares to lead Brookdale Senior Living, the company's short-term turnaround plans include selling 30 communities, cutting $25 million in general and administrative expenses, increasing automation and the use technology where possible, and moving more decisions to the community level when deemed appropriate. She spoke with McKnight's Senior Living on Thursday.
Andy Smith is being replaced as president and CEO at Brookdale Senior Living, and Daniel Decker will be leaving his position as executive chairman, the company announced this morning in advance of its fourth-quarter and full-year 2017 earnings call.
Land & Buildings will be "closely monitoring" the progress that Brookdale Senior Living is making on its efforts to sell some or all of its assets, activist shareholder Jonathan Litt, founder and chief investment officer of the registered investment manager, said Friday in a public letter to fellow shareholders.
Brookdale Senior Living resident Eleanor "Ellie" Ross recently got to ski again thanks to a Brookdale partnership with two-time Olympic skier Jeremy Bloom. Read more, and learn how to submit your photos!
Real estate investment trust HCP is selling six Brookdale Senior Living properties to Brookdale and selling or transitioning 68 other Brookdale properties to other operators, REIT executives said Tuesday during an earnings call.
Sunrise Senior Living, Holiday Retirement and Capital Senior Living had the highest scores in the inaugural study of senior living conducted by J.D. Power, the consumer research company announced Monday.
Brookdale Senior Living associates and partners together raised $2.1 million for the Alzheimer's Association in 2017, according to the company.
The American Seniors Housing Association launched a new Senior Living Hall of Fame and inducted six industry veterans at its annual meeting.
The country's largest senior living operator recently came to the attention of the country's largest animal welfare organization because of the activities program at one of its communities.
Twenty-five Brookdale Senior Living communities have earned the U.S. Environmental Protection Agency's Energy Star certification, the Brentwood, TN-based company announced Wednesday.