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.
Visitors to the Brookdale New Braunfels Facebook page on Wednesday were treated to the wedding of residents Ann Hoover and Allen Seelhammer.
SeniorAdvisor.com announced that more than 1,600 senior living communities have been recognized as among the best in the business.
This year's list features 115 companies with a total of almost 550,000 independent living, assisted living and memory care units.
Caring.com is releasing its list of reviews-based honorees today, and 267 independent living communities, assisted living communities, memory care communities, care homes or skilled nursing facilities across 40 states made the cut.
National Health Investors is watching the performance of Brookdale Senior Living and Holiday Retirement very closely, the real estate investment trust's president and CEO, Eric Mendelsohn, said Wednesday on a third-quarter earnings call. But he has a "bragging list," too.
Welltower has settled a lawsuit against a former employee, and the terms will push back his start date with a competitor about two months, executives said Tuesday. During an earnings call, they also discussed Brookdale Senior Living, natural disasters and transitioning one operator from a triple-net to RIDEA structure.
Hurricanes, wildfires, generators, HCP and metrics of success were among the topics that executives of Brookdale Senior Living discussed with shareholders and analysts Tuesday on a third-quarter earnings call.
HCP will reduce the exposure to Brookdale Senior Living in its portfolio and Brookdale will gain more flexibility to negotiate to sell some or all of its assets in a series of transactions announced Thursday that the CEOs of both companies are calling a "win-win."
Negotiations by Chinese real estate development and holding company Zhonghong Zhuoye Group Co Ltd. to purchase Brookdale Senior Living have ended without a deal, according to one account.
Brookdale Senior Living should be more transparent about the status of its strategic review process, which has been taking place for more than eight months, Brookdale shareholder Land and Buildings said Monday.
More than 70 Elmcroft Senior Living properties currently in Ventas' portfolio will be transitioned to a new management company led by a former Holiday Retirement and HCP executive early next year, Ventas Chairman and CEO Debra Cafaro said Friday. The communities will be owned by Ventas and an institutional investor in a joint venture, she added.
Judge: Hospital can be liable for reviving assisted living resident who had living will ... How Brookdale Senior Living moved 300 residents to safety
The chief operating officer of the country's largest senior living operator, Brookdale Senior Living, is leaving to pursue another opportunity, the company announced Monday. President and CEO Andy Smith will assume Labeed Diab's duties for the time being.
Brookdale provides update on impact of hurricanes, fires ... Creating 'sense-sensitive' environments for seniors with impairments
Jennifer Campas, a head nurse at Brookdale Anaheim in California, remained in critical condition on Tuesday in the intensive care unit at University Medical Center of Southern Nevada in Las Vegas after being injured in the Oct. 1 mass shooting that occurred at a country music festival in the city.
Several senior living communities have been evacuated, and at least one has been destroyed, as wildfires continue to burn across parts of California.
Best Buy bets on adults remotely monitoring their aging parents ... Florida governor wants assisted living rules in constitution ... Brookdale residents celebrate their movie productions at 'aging film festival' ... GOP budget that cuts $1 trillion from Medicaid over next decade may be smokescreen
Brookdale Senior Living residents and staff recently worked together to create movies designed to change the perception of aging and communicate positive, uplifting or touching messages. Vote for the People's Choice Award, and learn how to submit photos of your special events to McKnight's Senior Living!