HCP names new CEO, president and EVP/CFO
Peter Scott will join HCP as executive vice president and chief financial officer on Feb. 13. He succeeds Tom Herzog, who became CEO earlier this month.
Scott will join the Irvine, CA-based real estate investment trust following a 15-year career in real estate investment banking. Currently, he is managing director in the real estate banking group at Barclays, where he has spent the majority of his career. Scott also has held investment banking positions with Credit Suisse and Lehman Brothers.
He has provided advisory and capital markets expertise to clients across the real estate industry, with a focus on the healthcare REIT sector, including HCP. Most recently, he advised HCP on the spin-off of its skilled nursing assets to Quality Care Properties.
Herzog’s appointment as CEO and a member of the board became effective Jan. 1, as did Justin Hutchens’ appointment as president.
Herzog had been serving as CFO since rejoining the company in June 2016; he also had been the company’s CFO from 2009 to 2011. Herzog’s career also has included employment as CFO of UDR, a multifamily REIT; CFO of Amstar, a Denver-based real estate investment company; chief accounting officer and, later, CFO, at Apartment Investment and Management Co., a multifamily REIT; chief accounting officer, global controller and finance technical adviser at GE Real Estate; and time with Deloitte & Touche LLP.
Hutchens joined HCP in September 2015 and was most recently as executive vice president and chief investment officer. Before joining HCP, he was president and COO, and then president and CEO, of National Health Investors, a healthcare REIT. Previously, he was COO of Summerville Senior Living and, upon its merger with Emeritus Corp., COO of Emeritus Senior Living. And he has held multi-site management roles overseeing marketing and operations in the senior housing and post-acute industries. He is on the board of directors for the National Investment Center for Seniors Housing & Care.
Bruce J. Lederman named president and CEO of Charles E. Smith Life Communities
Bruce J. Lederman (pictured above) has been named president and CEO of Charles E. Smith Life Communities in Rockville, MD. Lederman, who previously held the position of chief operating officer, succeeds Warren R. Slavin, who retired and remains with the organization as CEO Emeritus.
Originally from Chicago, Lederman is a former owner and operator of nursing facilities. Before joining CESLC, Lederman served as senior vice president and chief strategy officer for Midwest Administrative Services, a skilled nursing care management company based in St. Louis. In addition to his professional experience in the nursing home industry, he is also a former board chair of CJE SeniorLife, the Jewish nonprofit eldercare provider in Chicago.
Founded in 1910 as the Hebrew Home for the Aged, CESLC is a nonprofit organization serving more than 1,100 older adults daily in multiple residences situated on a 38-acre campus that includes independent living, assisted living, memory care, skilled nursing and post-acute care, geriatric medical care and temporary shelter and advocacy for victims of elder abuse.
Welltower extends CEO contract, announces new organization structure
Welltower’s Board of Directors has extended the tenure of CEO Thomas J. DeRosa (pictured), who has led the company since April 2014, for an additional three years, through April 2020.
Welltower also has announced a new organization structure designed to support the continued growth of its healthcare real estate portfolio. The following members of the management team will take on new and expanded roles, reporting directly to DeRosa:
- Executive Vice President Mercedes Kerr, who has led the company’s business development activities in the United States, will assume additional responsibility for deal origination on a global basis, including the company’s portfolio and operations in Canada and the United Kingdom. She also will oversee an asset management function responsible for driving operating efficiencies across the company’s portfolio. Tim Lordan has been promoted to the newly created role of senior vice president, asset management, and will report to Kerr.
- Executive Vice President and CFO Scott Estes will continue to lead corporate finance and investor relations along with portfolio risk management. He will assume additional responsibilities for information management. The accounting, tax and corporate communications areas will continue to report to him. Shankh Mitra, senior vice president, finance and investments, will take on additional responsibilities for oversight of the company’s portfolio management and business analytics functions, reporting to Estes.
- Justin Skiver, senior vice president, underwriting, will lead the company’s underwriting function.
- Christy Stone, senior vice president, human capital, will continue to lead the company’s human capital function.
- Matthew McQueen, senior vice president and general counsel, will continue to lead legal and enterprise risk management and will assume additional responsibilities for internal audit.
The role of chief investment officer, held by Scott Brinker, has been eliminated. In addition, COO Jeffrey Miller will retire effective Feb. 1, and the COO function also will be eliminated.
Steve Jakubcanin joins Cornerstone Healthcare Group as CEO
Steve Jakubcanin has joined Dallas-based healthcare company Cornerstone Healthcare Group Holding as president and CEO.
He brings more than 15 years of healthcare leadership experience to the position, specializing in areas including long-term acute care, inpatient rehabilitation, home health care, personal care services, hospice and medical home care. Most recently, he was chief operating officer at AccentCare. Before that, he was senior vice president of Kindred Healthcare’s central Region.
Cornerstone has three complementary business segments: senior living, long-term acute care and behavioral health. Cornerstone Senior Living owns and operates seven communities in Texas, Arkansas and Tennessee, with plans to continue to grow its footprint within targeted markets.
Chris Hyatt joins New Perspective Senior Living as partner, investor and COO
Chris Hyatt has joined New Perspective Senior Living as partner, investor and chief operating officer.
In this new position, Hyatt will be responsible for the day-to-day operations of the organization. Company founder Todd Novaczyk retains his position as CEO, and Ryan Novaczyk remains president and chief financial officer.
“The addition of Chris to the executive team positions us well to achieve our long-term growth objective of having 10,000 seniors ‘Living Life On Purpose’ in a New Perspective Senior Living Community by 2025,” Novaczyk said. “His depth of industry experience will be invaluable as we bring our unique approach to aging successfully to more seniors.
Hyatt has almost 20 years of experience helping to strategically position and build some of the country’s largest and most successful senior living companies. Most recently, he was executive vice president of operations support for Brookdale. Before Brookdale, he was executive vice president and chief operation officer at Emeritus Senior Living, which merged with Brookdale in 2014. Hyatt began his senior housing career with Emeritus in 1998 and over the years held multiple senior leadership positions with the company.
Hyatt is a former board member with Argentum and currently is secretary and treasurer of the Argentum Senior Living Certification Commission Board of Commissioners. He is also an active member of American Seniors Housing Association and the National Investment Center for Seniors Housing & Care.
“New Perspective is a premium regional developer and operator of high-quality senior housing, and they have a unique platform that presents tremendous opportunities for growth,” Hyatt said. “After visiting several communities, I left extremely energized by the organization’s passion for serving seniors.”
Founded in 1998, New Perspective Senior Living is a family-owned company that develops and operates senior living communities in Minnesota, North Dakota, Wisconsin and Illinois. Today, the company serves over 2,000 seniors through independent living, assisted living and memory care options. The company, based in Eden Prairie, MN.
The organization also recently added Scott McCutcheon as senior vice president of business performance, Lore Brownson as senior vice president of quality services and chief compliance officer, Chris Wright as vice president of people performance, Steve Beck as vice president of sales and Doug Anderson as vice president of marketing.
Jonathan Hansen new CFO at Integrace
Jonathan “Jon” Hansen is the new chief financial officer at Integrace, which oversees retirement and memory care communities and clinics throughout Maryland.
Before joining Integrace, Hansen spent 12 years with investment advisory services firm CliftonLarsonAllen, where he most recently was principal.
Presbyterian Communities and Services announces new CFO, corporate director of operations
Irving, TX-based Presbyterian Communities and Services has named Steven Ailey as chief financial officer and Scott Polzin as corporate director of operations. The not-for-profit organization consists of continuing care retirement / life plan communities Presbyterian Village North and Grace Presbyterian Village as well as Faith Presbyterian Hospice and the T. Boone Pickens Hospice and Palliative Care Center.
Ailey joins the organization from Greystone Communities, also based in Irving, TX, where he most recently served as corporate vice president. He and his team provided CFO functions for 22 retirement communities across the country.
Polzin joins Presbyterian Communities and Services from The Stayton at Museum Way; he was executive director of the not-for-profit retirement community. Prior to that, he worked in senior living management roles at various locations, including a Presbyterian CCRC.
Kevin Knopf named regional director of operations at Lifespace Communities
Kevin Knopf has joined Lifespace Communities, a not-for-profit operator of 12 continuing care retirement communities in seven states, as regional director of operations.
In his new role, Knopf will be responsible for leadership, strategic planning and day-to-day operations for the five Lifespace communities in the state of Florida: Abbey Delray, Abbey Delray South and Harbour’s Edge in Delray Beach; The Waterford in Juno Beach; and Village on the Green in Longwood.
Knopf comes to Lifespace Communities with more than 29 years in senior living operations leadership. He has served in vice president and senior executive director roles for organizations including Brookdale, Erickson Living, Watermark Communities and Sunrise Senior Living. He also has corporate operations experience with Sunrise as director of information technology client services and director of process innovation and policy.
Robert E. Hull named executive vice president at Healthcare Realty Trust
Robert E. Hull began serving as executive vice president, investments, of Healthcare Realty Trust on Jan. 1. He has worked for the real estate investment trust since 2004.
Hull has been a senior vice president since March 2011, managing the company’s development and acquisition activity. Before that, he served in various capacities on the company’s investments team. Before joining the company, Hull worked in the senior living and commercial banking industries.
Hull is assuming the position formerly held by Todd J. Meredith, who was appointed the company’s president and CEO effective Dec. 30. David R. Emery, the company’s founding CEO, will serve as executive chairman of the board of directors.
Alvin Loewenberg to retire as as president and CEO from Morningside Ministries after 26 years
Alvin Loewenberg is retiring after 26 years as president and CEO of Morningside Ministries, a faith-based, not-for-profit community in San Antonio, TX, serving more than 800 residents at three senior living locations providing retirement, assisted living, nursing and rehabilitation, and memory care.
Loewenberg has overseen significant changes on Morningside’s two San Antonio campuses — Morningside Ministries at the Chandler Estate in Monte Vista and Morningside Ministries at the Manor/Meadows at Babcock and St. Cloud. Under his watch, the company also built a new community in Boerne called Morningside Ministries at Menger Springs. And created in 2007, mmLearn.org offers web-based training programs centered on caregiving and aging.
Loewenberg recently was recognized by LeadingAge as the 2016 Winner for Excellence in Not-For-Profit Leadership, which recognizes innovators in senior services and community involvement. He has chaired the board of LeadingAge Texas and has received its Award of Honor and the Award of Merit. He currently serves on the LeadingAge national board and has chaired numerous committees for the national organization.
Lana Peck joins NIC as senior principal and subject matter expert
Lana Peck has joined the National Investment Center for Seniors Housing & Care as senior principal and subject matter expert for seniors housing.
Peck spent more than a decade with Life Care Services in Des Moines, IA, where she was a senior market research analyst conducting feasibility studies for blue sky, master planning and redevelopment projects in markets across the country. She also led research projects aimed at providing intelligence for enhancing the consumer experience and increasing business growth. Peck most recently worked with Brooks Adams Research in Richmond, VA, where she conducted nationwide seniors housing industry research.
“Lana’s deep understanding of pricing analysis, product development, market segmentation and market feasibility research make her the ideal voice for our seniors housing outreach,” said Beth Mace, NIC’s chief economist.
Greg Byrge is new executive director at Wesley Homes Lea Hill
Greg Byrge is the new executive director for Wesley Homes Lea Hill in Auburn, WA. He will oversee the 19-acre retirement community, the campus of which consists of Eby Lodge, the main apartment building, multiple independent living residences, two condo-style buildings, housing with services apartments, and memory care apartments. Byrge also will be responsible for the newly built Wesley Homes Lea Hill Rehabilitation & Care Center on the campus.
Byrge is a licensed nursing home administrator in Washington and Texas and is a certified healthcare administrator. He is a member of the American College of Health Care Administrators and has more than 16 years of experience in post-acute and aging services.
Before starting his career in senior services, Byrge joined the military as a U.S. Navy operation specialist, air directional controller stationed in Long Beach, CA. His first job after the Navy was as an admissions and marketing coordinator at a skilled nursing facility. Shortly after beginning his career in long-term care, he managed a 134-bed nursing facility in Tennessee, where he was promoted to regional vice president for five campuses.
Wesley Homes is affiliated with the Pacific Northwest Conference of the United Methodist Church.
Paul DiNapoli named executive director at The Residence at Watertown Square
Paul DiNapoli has been named executive director of The Residence at Watertown Square, an LCB Senior Living community in Watertown, MA, that includes independent living, assisted living and memory care.
DiNapoli has almost 15 years of managerial experience in the hospitality industry, where he has held positions at several businesses as a director of operations. Before joining LCB, he was general manager of the Sheraton Providence Airport Hotel in Warwick, RI, for two years.
Prestige Care COO David Henderson steps down
Prestige Care President and Chief Operating Officer David Henderson stepped down from his position on Jan. 9.
“On behalf of the board and the entire Prestige family, we want to thank David for his 11 years of service,” said Prestige Care CEO Harold Delamarter. “Through his hard work and leadership, Prestige has become one of the most trusted and respected senior-care companies in the country.”
Henderson’s exit from the company is the last step of a staff reorganization, Delamarter said, and is part of a broader initiative to strengthen the organization’s ability to manage its growing portfolio of communities.
Delamarter will serve as COO on an interim basis as the company searches for Henderson’s replacement, a process that is expected to take six months.
LeadingAge New Jersey announces award winners
LeadingAge New Jersey recently presented Excellence in Care awards to 10 direct-care professionals:
- Tyrone Buggs, Preakness Health Care Center (Wayne, NJ)
- Joann Cheeseman, United Methodist Communities at The Shores (Ocean City, NJ)
- Lamar Davis, Preakness Health Care Center
- Linda Dumoff, Federation Apartments (Paterson, NJ)
- Elenita “Maria” Lazaro, Reformed Church Home (Old Bridge, NJ)
- Debbie Lux, Medford Leas (Medford, NJ)
- Louis Piquion, Daughters of Israel (West Orange, NJ)
- Anthony “Tony” Sangster, Preakness Health Care Center
- Marjorie Walker, CAN, Christian Health Care Center (Wyckoff, NJ)
- Amanda Wolfe, United Methodist Communities at Francis Asbury (Ocean Grove, NJ)
Charlestown resident Joy Price honored for lifelong leadership in human services
Joy Price, a resident at Charlestown retirement community, an Erickson Living community in Catonsville, MD, has been honored for her lifelong leadership in the human services system by For All Seasons, a nonprofit mental health and sexual assault center based in Easton, MD, that supports women, men and children.
Price’s vision established the organization, which just received a gift to establish an endowment fund in her honor. The Joy Mitchell Price Founders Endowment Fund will exist in perpetuity. The annual earnings from the fund will help support the organization’s operating budget.
As a graduate-level social work student in the 1980s, Price identified an important gap in the local human service system and wrote a paper to create a nonprofit organization for victims of rape and sexual assault. She formed For All Seasons with support from her professor and collaborators. Today, For All Seasons annually serves more than 2,000 area children, teens, men, women and families in offices in five counties.
Adria Powell replaces Michael Elsas as president of Cooperative Home Care Associates
Adria Powell became president of Cooperative Home Care Associates, the nation’s largest worker-owned cooperative, on Jan. 1. She formerly was executive vice president.
Powell, who has been a full-time staff member since 1993, beginning her employment as a coordinator and rising through the ranks, succeeded Michael Elsas, who has helmed CHCA for the past 16 years. He is working with Powell as a part-time internal consultant.
CHCA provides an entry to the workforce for more than 600 unemployed or underemployed women each year. Graduates of the four-week home health aide training program — twice the number of hours required by law — are guaranteed jobs with CHCA. Each new employee may buy a share in the company by paying a few dollars per week over five years. Worker-owners elect eight worker-owners to serve on the 14-member board of directors and receive dividends when the company turns a profit.
The Paraprofessional Healthcare Institute is the nonprofit affiliate of CHCA and supports the training program by providing curricula and skill-building for training staff.
Sun Health at Home names Barbara Mason as executive director
Barbara Mason has been hired to be executive director of Sun Health at Home, the first “continuing care at home” program in the Southwestern United States.
The program is regulated by the Arizona Department of Insurance and has grown to 24 members since it was launched in January 2016. In exchange for an entrance fee and monthly fee, SHAH members are comprehensively covered for long-term care, wellness and other nonmedical needs, which are coordinated by SHAH employees called wellness coordinators.
Before joining SHAH, Mason was the territory manager for Mobilex USA, a mobile diagnostic service provider serving more than 6,000 health facilities, including long-term care centers. She managed accounts across Illinois, Indiana and Kentucky and earned numerous awards for exceeding sales goals and retaining customers.
Her work history also includes serving as the program manager of a criminal justice and men’s residential chemical dependency unit; directing a HealthOne occupational medicine clinic; and managing a variety of medical practices, ranging from plastic surgery to podiatry to orthopedics.
Ron Weinert is chief administrative officer of Medication Management Partners
Ron Weinert recently joined Crestwood, IL-based Medication Management Partners, a long-term care pharmacy specializing in assisted living and memory care communities.
In this role, Weinert will be accountable for compliance, business and product line development, business intelligence, and strategic innovation and growth initiatives.
He brings 36 years of diverse pharmacy leadership experience and relationship building to bear on MMP’s vision. Before joining MMP, he served in a series of increasingly responsible leadership roles with Walgreens, most recently as vice president of accountable care services, reporting directly to the chief medical officer.
Weinert began his career as a pharmacist.
Barbara Resnick becomes president of Gerontological Society of America
Barbara Resnick, Ph.D., CRNP, of the University of Maryland School of Nursing has been installed as the new president of The Gerontological Society of America.
Resnick is the 73rd person to hold the office since the society was founded in 1945. As president, she will oversee matters of GSA’s governance and strategic planning while also playing an active role in the 2017 International Association of Gerontology and Geriatrics World Congress, which GSA will host in San Francisco from July 23 to 27.
Resnick is as a professor in the Department of Organizational Systems and Adult Health at the University of Maryland School of Nursing; co-directs the Adult/Gerontological Nurse Practitioner Program and the Biology and Behavior Across the Lifespan Research Center of Excellence; holds the Sonya Ziporkin Gershowitz Chair in Gerontology; and does clinical work at Roland Park Place. Her research program is focused on optimizing function and physical activity among older adults, facilitating healthy behaviors among older adults across all settings of care, exploring resilience and genetics on function and physical activity, and testing dissemination and implementation of interventions in real world settings. She has received several awards.
Joseph Myers joins Glatfelter Healthcare Practice
Glatfelter Healthcare Practice, the senior living, hospice and home healthcare insurance program division of Glatfelter Insurance Group, recently hired Joseph Myers as an eastern region sales executive to provide agents with products and resources to help increase sales and better serve their client base in the niche marketplace.
He will use his 30 years of experience in the industry to assist agents in writing and retaining senior living, hospice and home health business.
Myers has insurance licenses in accident and health, property and casualty and life and fixed annuities. He attended Commercial Lines Producer School through the Philadelphia Insurance Society and Producer Licensing School through Dickinson College.
K4Connect adds two to board of directors
Ben Yu, Ph.D., managing director at Silicon Valley venture fund Sierra Ventures, and Stephen Morton, a veteran senior care executive and founder of Ravn Senior Solutions, have joined the board of directors at senior-focused technology company K4Connect.
Morton and Yu have joined K4Connect as a result of the company’s recent $8 million Series A funding, which was led by Intel Capital. Both new board members also participated in K4Connect’s $2 million Series Seed funding in 2015 and have long-term connections with K4Connect’s co-founder and CEO, Scott Moody.
Morton was involved early in K4Connect’s history,guiding the development of its first product, K4Community, which is specifically tailored for the residents and operators of senior living communities. Yu was an investor and a board member of Moody’s previous startup, AuthenTec (acquired by Apple in 2012; now the Touch ID).
Morton has more than 30 years of experience building, leading and managing senior living and care companies, which have included independent living, assisted living and memory care communities as well as skilled nursing facilities. He was the president and CEO of Bell Senior Living, where he was brought in to improve a portfolio of 32 underperforming communities. While there, he improved occupancy, operating margins and the overall value of the portfolio ahead of a sale to Five Star Senior Living for more than $300 million. Before that, Morton was the co-founder, president and COO of Southern Assisted Living, where he oversaw 41 communities in the Southeast before the company was acquired by Brookdale in 2006.
Yu’s investment focus is within the Internet of Things, information technology and cloud computing, and mobile communications industries, to name a few. Before Sierra Ventures, he was a senior systems architect and project manager at 3Com.
Bonnie Gowan joins KAI Texas as project coordinator
Bonnie Gowan has joined design/build company KAI Texas as project coordinator.
She brings 10 years of professional experience to the company. Previously, she was an administrative assistant at Texas Health Medsynergies.
In her role as project coordinator, Gowan will be responsible for maintaining the flow of projects, ensuring they are up to date; gathering specification information from consultants; organizing and editing contracts; keeping current with employee expenses; and preparing materials and resources for staff meetings.
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