Company Overview and Key People
- Brookdale Senior Living Solutions is the largest operator of senior housing in the United States.
- It owns and operates over 680 retirement homes across the country.
- The company was established in 1978 and is based in Brentwood, Tennessee.
- In 2020, Brookdale Senior Living generated revenue of US$3.02 billion.
- Key people in the company include Guy P. Sansone (Non-Executive Chairman), Lucinda M. Baier (CEO), and Steven E. Swain (EVP/CFO).
History and Expansion
- Brookdale Senior Living initially developed upscale urban retirement communities in cities like Chicago, New York, and Miami.
- It later expanded to include Continuous Care Retirement Communities (CCRC) with skilled nursing, assisted living, independent living, and memory care facilities.
- In 2006, the company merged with American Retirement Corporation, operating approximately 550 communities in 36 states.
- In 2014, Brookdale Senior Living merged with Emeritus Senior Living, becoming the only national full-spectrum senior living company.
- After the merger, the company covered 80% of the U.S. population with over 1,100 communities in 46 states.
Controversy
- In 2013, a staff member at Glenwood Gardens in Bakersfield, California refused to give CPR to a resident who later died.
- Initially, Brookdale Senior Living cited a policy prohibiting staff members from performing CPR in independent living facilities.
- The company later reversed its public position, stating that the staff member had misinterpreted the CPR policy.
- In 2021, California filed a lawsuit alleging manipulation of the federal government's nursing-home ratings system by Brookdale Senior Living.
- A New York Times investigation revealed flaws in the rating system, allowing nursing homes to submit manipulated data.
References
- Investor Relations: Brookdale Senior Living - Investor Overview.
- Fortune: Brookdale Senior Living.
- The Wall Street Journal: Baby Boomers Are Living at Home. That's Bad News for Senior-Housing Developers.
- 2020 results.
- The New York Times: Maggots, Rape and Yet Five Stars: How U.S. Ratings of Nursing Homes Mislead the Public.
Additional Facts
- Brookdale Senior Living operated approximately 550 communities in 36 states after merging with American Retirement Corporation.
- The company covered 80% of the U.S. population with over 1,100 communities in 46 states after merging with Emeritus Senior Living.
- California filed a lawsuit in 2021, alleging manipulation of the federal government's nursing-home ratings system by Brookdale Senior Living.
- A New York Times investigation revealed flaws in the rating system, allowing nursing homes to submit manipulated data.
Brookdale Senior Living Solutions owns and operates retirement homes across the United States. The company was established in 1978 and is based in Brentwood, Tennessee. It is the largest operator of senior housing in the United States, with over 60,000 residents.
 | |
| Type | Public |
|---|---|
| NYSE: BKD | |
| Industry | Retirement homes, Assisted living |
| Founded | 1978 |
| Headquarters | , U.S. |
Number of locations | Over 680 |
Key people | Guy P. Sansone (Non-Executive Chairman) Lucinda M. Baier (CEO) Steven E. Swain (EVP/CFO) |
| Revenue |  US$3.02 billion (2020) |
Number of employees | 62,550 (2017) |
| Website | brookdale |
In the late 1990s and early 2000s, Fortress Investment Group became the majority owner of Brookdale, holding approximately 51% of its share.
In 2021, a New York Times investigation revealed that Brookdale submitted wrong and manipulated data to the government, thus inflating ratings of the quality of care in Brookdale's facilities. Shortly thereafter, the state of California filed a lawsuit against Brookdale alleging that the company manipulated the federal government’s nursing-home ratings system.
Brookdale's headquarters remain in Tennessee, but a recent acquisition has made Milwaukee, Wisconsin their second largest office.
