Brookdale and HCP JV announce $849M acquisition

Two companies to buy 35 senior housing communities
Mar 17, 2015 12:25 PM

Activist firm nominates three for Brookdale board

Sandell pushing for more real estate leadership
Mar 16, 2015 12:03 PM

In Charge 2015: Health Care

Mar 8, 2015 11:50 AM

Diversicare swings to Q4 profit

Same-store facilities revenue climbs 7%
Mar 6, 2015 7:34 AM

Medalogix adds VP of product management

Nashville-based health care technology company Medalogix has announced Shari Heath has been hired as vice president of product management.

Heath (pictured) will be responsible for analyzing the company’s health care policy and provider operations to develop and execute product strategy, according to a release.

“Shari comes to us with 12 years of experience in healthcare IT, including experience in product management and quality assurance,” Dan Hogan, president and CEO of Medalogix, said in the release. “She is a perfect fit to lead the product management team, as she most recently worked as vice president of product management for Homecare Homebase, the largest electronic medical record provider in the home health and hospice industry.”

Heath also served as director of professional services, director of product management and director of quality assurance at Homecare Homebase. She also worked as a customer support manager and product manager at the company.

Heath received her bachelor’s degree in engineering mathematics and computer science from the University of Louisville.

Mar 3, 2015 7:20 AM

NHC Q4 drops 11%

Long-term health care provider National HealthCare Corp. earned a profit of $14.8 million in the fourth quarter, which was down almost 11 percent from the last three months of 2013. Revenues rose 9 percent to $226 million but costs rose a little bit faster and non-operating income fell almost $1.3 million year over year. NHC officials said that excluding that drop as well as operating losses from newly built or leased skilled nursing facilities would have left pre-tax profits up almost 4 percent. NHC shares (Ticker: NHC) closed last week at $63.17 and are flat year to date.

Feb 23, 2015 1:18 PM

NHI hikes dividend on back of 15% increase in Q4 numbers

REIT's property holdings end year up 42%
Feb 17, 2015 7:13 AM

Brookdale's other real estate options

Brooke Sutherland at Bloomberg has looked into how the board of Brookdale Senior Living could react — assuming doing nothing is not an option — to investor Sandell Asset Management's call to spin its properties into a real estate investment trust. Setting up a REIT can be tricky but analysts say the company also sell and the lease back its real estate or sell the entire company to a REIT, which would then spin the Brookdale operating back out.

Feb 12, 2015 11:07 AM

Brookdale announces last round of Emeritus layoffs

Brookdale Senior Living has cut another 41 former employees of Emeritus Senior Living, reports the Seattle Times, the final step in reducing Emeritus' staff post-merger.

The layoffs, effective in April, are the last of the 250 Brookdale said in July it would implement as part of its $2.8 billion acquisition of Emeritus.

About 50 former Emeritus employees will stay in Seattle, while 15 will be relocated to Brentwood or to the company's Milwaukee office.

Despite the Seattle cuts, Brookdale continually bolstered its corporate staff last year, announcing in May that 200 jobs would be added to the existing 400 in Milwaukee through 2016. The company also announced in June it would add 162 jobs over five years to the 375 employees it then had in Brentwood.

Shares of Brookdale (Ticker: BKD) were down 2 percent to $36.06 Monday afternoon. In the last three months, they're up 11 percent.

Feb 10, 2015 7:00 AM

NHI, Bickford JV announce five-facility project

$55M worth of new facilities to open in Illinois, Virginia
Feb 6, 2015 1:30 PM