Brookdale

'Splitting up company' is one option for Brookdale, shareholder says

'Splitting up company' is one option for Brookdale, shareholder says

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"Splitting up the company," along with joint ventures and outright sales, are options that Brookdale Senior Living should evaluate to potentially maximize the value of its owned real estate, shareholder Jonathan Litt, founder and chief investment officer of Stamford, CT-based Land and Buildings Investment Management LLC, said Monday.

Brookdale asks court to reconsider False Claims Act ruling, and two 'friends' file briefs in support

Brookdale asks court to reconsider False Claims Act ruling, and two 'friends' file briefs in support

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Brookdale Senior Living is asking the full 6th Circuit Court of Appeals to review a June 11 ruling by a three-judge panel of the court that revived a False Claims Act case against the company that originated in 2012. Two organizations filed "friend-of-the-court" legal briefs supporting that request this week.

RN most-needed worker, Brookdale in search of most workers, analysis finds

RN most-needed worker, Brookdale in search of most workers, analysis finds

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Registered nurse is the most sought-after worker by employers so far this year, and Brookdale Senior Living tops the list of employers looking for workers in general, according to an employment website analysis.

Brookdale, Welltower to part ways on 63 communities

Brookdale, Welltower to part ways on 63 communities

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Brookdale Senior Living and real estate investment trust Welltower announced lease restructuring plans Wednesday that will result in 63 senior living communities transitioning to different operators.

People in the News, June 26

People in the News, June 26

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Appointments and honors at Brookdale Senior Living, Friendship Village, Integral Senior Living, LeadingAge California, LeadingAge Pennsylvania, Piper Shores and Touchmark.

Apollo said to be buyer of $428 million Brookdale portfolio from HCP

Apollo said to be buyer of $428 million Brookdale portfolio from HCP

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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."

NIC board adds Brookdale CEO Lucinda 'Cindy' Baier

NIC board adds Brookdale CEO Lucinda 'Cindy' Baier

The National Investment Center for Seniors Housing & Care has added Brookdale Senior Living President and CEO Lucinda "Cindy" Baier to its board of directors.

Court revives $35 million False Claims Act lawsuit against Brookdale

Court revives $35 million False Claims Act lawsuit against Brookdale

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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.

Big plans aren't necessarily senior living's problem

Big plans aren't necessarily senior living's problem

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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.

Brookdale CEO envisions a smaller company

Brookdale CEO envisions a smaller company

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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.

More news for Wednesday, June 6

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's new CEO a 'breath of fresh air' but 'still has much to prove,' shareholder says

Brookdale's new CEO a 'breath of fresh air' but 'still has much to prove,' shareholder says

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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.

This activity is the tops

This activity is the tops

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!

Brookdale making progress but has 'a significant amount of work ahead,' CEO says

Brookdale making progress but has 'a significant amount of work ahead,' CEO says

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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.

HCP sets a course for the future as it reduces exposure to Brookdale

HCP sets a course for the future as it reduces exposure to Brookdale

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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.

Ventas 'killed a lot of brain cells' devising Brookdale lease restructuring, CEO says

Ventas 'killed a lot of brain cells' devising Brookdale lease restructuring, CEO says

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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.

New perks that really do work

New perks that really do work

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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.

Brookdale Senior Living taps former CEO Bill Sheriff as consultant

Brookdale Senior Living taps former CEO Bill Sheriff as consultant

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Former Brookdale CEO Bill Sheriff "will help support our strategic pivot" as an adviser, current Brookdale President and CEO Cindy Baier said Wednesday.

Aegis Living sued over staffing concerns; plaintiff's firm also involved in Brookdale ADA lawsuit

Aegis Living sued over staffing concerns; plaintiff's firm also involved in Brookdale ADA lawsuit

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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.

'A lot of heavy lifting left' for Brookdale

'A lot of heavy lifting left' for Brookdale

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The new CEO talks about some significant work ahead for the nation's largest senior living operator.

Four current or former residents join ADA lawsuit against Brookdale Senior Living

Four current or former residents join ADA lawsuit against Brookdale Senior Living

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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 names interim CFO

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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.

Hong Kong company gains 5.11% stake in Brookdale Senior Living

Hong Kong company gains 5.11% stake in Brookdale Senior Living

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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 moves 24 communities from Brookdale to Atria

HCP moves 24 communities from Brookdale to Atria

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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 hopes Brookdale gets 'back to the basics'

Welltower hopes Brookdale gets 'back to the basics'

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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.

Next Brookdale CEO talks turnaround after company rejects takeover bid

Next Brookdale CEO talks turnaround after company rejects takeover bid

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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 out as Brookdale CEO as strategic review process concludes

Andy Smith out as Brookdale CEO as strategic review process concludes

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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.

Activist investor 'closely monitoring' Brookdale's strategic review process

Activist investor 'closely monitoring' Brookdale's strategic review process

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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.

Winter wish

Winter wish

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!

HCP continues to shed Brookdale communities from portfolio

HCP continues to shed Brookdale communities from portfolio

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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.

In Focus

July 11

Patriotic parade

Naples, FL 

More than 100 residents and employees of Vi at Bentley Village participated in a golf cart parade to celebrate the Fourth of July.

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