Building back occupancy is priority for Brookdale, CEO says
By
Kimberly Bonvissuto
Aug 10, 2022
With overall weighted average occupancy at 74.6% across its communities in the second quarter, Brookdale Senior Living is focused on building occupancy back to a pre-pandemic level of 85% and then will...
Brookdale expects COVID-19 expenses to reach $50 million for quarter, CEO says
By
Kimberly Bonvissuto
Jun 04, 2020
When it comes to COVID-19, Brookdale President and CEO Lucinda “Cindy” Baier said, shareholders and potential investors typically want to hear about four areas: protocols and progress on COVID-19 testing...
Ongoing pandemic, emerging COVID-19 variants prompt more providers to mandate staff vaccination
By
Kimberly Bonvissuto
Jul 29, 2021
Concern over the COVID-19 delta variant and pockets of outbreaks in communities has led two more senior living and care providers to join a growing list of those mandating COVID-19 vaccination as a condition...
Employers could see healthcare costs rise 10% next year: PwC
By
Amy Novotney
Jun 30, 2020
Employers are likely to face an increase in medical costs of between 4% and 10% for their employees in 2021, according to a new report from PricewaterhouseCoopers.
‘We are seeing the green shoots of recovery,’ Brookdale CEO says
By
Kathleen Steele Gaivin
May 20, 2021
Brookdale Senior Living is “seeing the green shoots of recovery,” President and CEO Lucinda “Cindy” Baier said yesterday at the Capital Markets Global Health Care Conference.
Unique operating model produces continued profitability, Pennant Group execs say
By
Kimberly Bonvissuto
Nov 12, 2020
Occupancy declines in the early months of the COVID-19 pandemic were replaced by slight occupancy increases as the Pennant Group’s Pinnacle senior living business produced strong results into the third...
Preventive measures could pay off for senior living provider
By
Amy Novotney
Apr 13, 2020
McMinnville, OR-based senior living provider The Springs Living already has spent approximately $300,000 to date on efforts to prevent the spread of COVID-19 within its communities, and company executives...
Diversified, Five Star: COVID-19 creating ‘extremely challenging operating environment’ for senior...
By
Kimberly Bonvissuto
Aug 07, 2020
The COVID-19 pandemic has increased uncertainty and disruption in both the overall economy and the commercial real estate industry and has had a “profound” effect on business, resulting in an “extremely...
Senior living industry better prepared to weather future pandemics: Invesque CEO
By
Kimberly Bonvissuto
Nov 13, 2020
The senior living industry faces COVID-19 headwinds that are expected to continue into 2021, but Invesque Chairman and CEO Scott White said he is confident the industry has “figured out how to handle...
Brookdale spends $71 million to fight COVID-19, sees crisis as leadership opportunity
By
Kimberly Bonvissuto
Aug 12, 2020
Although COVID-19 has had significant effects on the senior housing industry as a whole, Brookdale Senior Living sees the crisis as an opportunity to lead, President and CEO Cindy Baier said Tuesday.