Most Recent Articles by Lois A. Bowers
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.
Senior housing investors are shifting to prefer communities that offer both independent living and assisted living (with or without memory care) on one campus, according to newly released results of a survey by professional services firm JLL.
Charges against more than 250 defendants who allegedly stole more than $500 million from more than a million Americans were announced Thursday in an effort that the Justice Department described as "the largest coordinated sweep of elder fraud cases in history."
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.
The senior living industry, with innovation and imagination, could drive a new era of healthful aging, one of the authors of a new report from the Milken Institute told McKnight's Senior Living. "But things must change," she added.