Brookdale Senior Living

Last updated
Brookdale Senior Living Solutions
Company type Public
NYSE:  BKD
Industry Retirement homes, Assisted living
Founded1978 (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)
RevenueIncrease2.svg US$3.02 billion (2020) [1]
Number of employees
62,550 [2]  (2017)
Website brookdale.com

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. [3] [4]

Contents

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. [5] Shortly thereafter, the state of California filed a lawsuit against Brookdale alleging that the company manipulated the federal government’s nursing-home ratings system. [6]

Brookdale's headquarters remain in Tennessee, but a recent acquisition has made Milwaukee, Wisconsin their second largest office. [7]

History

When Brookdale was established, it developed large upscale urban retirement communities in cities such as Chicago, New York, and Miami. The early communities replicated five-star hotels like the Hyatt, Marriott, and Hilton hotels of the modern era.

From the late 1990s to mid-2000s, Brookdale developed more communities that resembled earlier models, but also reflected changing retirement trends. The new communities included Continuous Care Retirement Communities (CCRC), which house skilled nursing facilities, assisted living, independent living, and memory care facilities.

By 2005, Brookdale had grown to approximately 90 standalone properties. During this time Fortress Investments acquired the recently bankrupt Alterra Corporation's 300 properties. Brookdale merged with the American Retirement Corporation (ARC Therapy) in July 2006. ARC operated approximately 130 properties. Fortress saw this as an opportunity to put Brookdale at the forefront of senior living, not just by sheer size but with the marrying of two of the longest-running and most successful companies in the industry. After the ARC merger, Brookdale was operating approximately 550 communities in 36 states.

In July 2014, Brookdale merged with Emeritus Senior Living and became the only national full-spectrum senior living company, with over 1,100 communities in 46 states and covering 80% of the U.S. population. [8]

Controversy

In 2013, a Brookdale facility, Glenwood Gardens in Bakersfield, California, became the focus of national media coverage when a staff member refused to give CPR, as requested by a 911 operator, to 87-year-old Lorraine Bayless, a resident. Lorraine died at Glenwood of a stroke. [9]

After Bayless's death, Brookdale cited a policy to reporters that allegedly prohibited staff members performing CPR on residents of its independent living facilities; however, the spokesman did not provide copies of the policy to reporters. [10] Brookdale later reversed its public position, saying that the staff member had misinterpreted the CPR policy. [11] Police closed the Glenwood investigation without filing any criminal charges. The Bayless family said it had no intention of suing Brookdale over Lorraine's death. [11]

The state of California filed a lawsuit against Brookdale in March 2021, alleging that the company manipulated the federal government’s nursing-home ratings system. [6] A New York Times investigation revealed that the rating system is flawed, allowing the opportunity for many nursing homes (including Brookdale) to submit manipulated data to the government, thus inflating ratings of the quality of care in their facilities. [5]

Related Research Articles

A nursing home is a facility for the residential care of older people, senior citizens, or disabled people. Nursing homes may also be referred to as care homes, skilled nursing facilities (SNF) or long-term care facilities. Often, these terms have slightly different meanings to indicate whether the institutions are public or private, and whether they provide mostly assisted living, or nursing care and emergency medical care. Nursing homes are used by people who do not need to be in a hospital, but cannot be cared for at home. The nursing home facility nurses have the responsibilities of caring for the patients' medical needs and also the responsibility of being in charge of other employees, depending on their ranks. Most nursing homes have nursing aides and skilled nurses on hand 24 hours a day.

An assisted living residence or assisted living facility (ALF) is a housing facility for people with disabilities or for adults who cannot or who choose not to live independently. The term is popular in the United States. Still, the setting is similar to a retirement home, in the sense that facilities provide a group living environment and typically cater to an older adult population. There is also Caribbean assisted living, which offers a similar service in a resort-like environment.

<span class="mw-page-title-main">Retirement home</span> Housing facility for the elderly persons

A retirement home – sometimes called an old people's home,old folks' home, or old age home, although old people's home can also refer to a nursing home – is a multi-residence housing facility intended for the elderly. Typically, each person or couple in the home has an apartment-style room or suite of rooms with an en-suite bathroom. Additional facilities are provided within the building. This can include facilities for meals, gatherings, recreation activities, and some form of health or hospital care. A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium.

<span class="mw-page-title-main">Elderly care</span> Care serving the needs and requirements of senior citizens

Elderly care, or simply eldercare, serves the needs of old adults. It encompasses assisted living, adult daycare, long-term care, nursing homes, hospice care, and home care.

<span class="mw-page-title-main">Long-term care</span> Services for the elderly or those with chronic illness or disability

Long-term care (LTC) is a variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods. Long-term care is focused on individualized and coordinated services that promote independence, maximize patients' quality of life, and meet patients' needs over a period of time.

<span class="mw-page-title-main">Retirement community</span> Town or housing complex for older adults who are generally able to care for themselves

A retirement community is a residential community or housing complex designed for older adults who are generally able to care for themselves. Assistance from home care agencies is allowed in some communities, and activities and socialization opportunities are often provided. Some of the characteristics typically are: the community must be age-restricted or age-qualified, residents must be partially or fully retired, and the community offers shared services or amenities.

Residential care refers to long-term care given to adults or children who stay in a residential setting rather than in their own home or family home.

A group home, congregate living facility, care home, adult family home, etc., is a structured and supervised residence model that provides assisted living and medical care for those with complex health needs. Traditionally, the model has been used for children or young people who cannot live with their families or afford their own homes, people with chronic disabilities who may be adults or seniors, or people with dementia and related aged illnesses. Typically, there are no more than six residents, and there is at least one trained caregiver there 24 hours a day. In some early "model programs", a house manager, night manager, weekend activity coordinator, and four part-time skill teachers were reported. Originally, the term group home referred to homes of 8 to 16 individuals, which was a state-mandated size during deinstitutionalization. Residential nursing facilities, also included in this article, may be as large as 100 individuals in 2015, which is no longer the case in fields such as intellectual and developmental disabilities. Depending on the severity of the condition requiring one to need to live in a group home, some clients are able to attend day programs and most clients are able to live normal lifestyles.

Program of All-inclusive Care for the Elderly (PACE) are programs within the United States that provide comprehensive health services for individuals age 55 and over who are sufficiently frail to be categorized as "nursing home eligible" by their state's Medicaid program. The ultimate goal of PACE programs is to keep eligible older adults out of nursing homes and within their communities for as long as possible. Services include primary and specialty medical care, nursing, nutrition, social services, therapies, pharmaceuticals, day health center services, home care, health-related transportation, minor modification to the home to accommodate disabilities, and anything else the program determines is medically necessary to maximize a member's health. If you or a loved one are eligible for nursing home level care but prefer to continue living at home, a PACE program can provide expansive health care and social opportunities during the day while you retain the comfort and familiarity of your home outside of day hours.

<span class="mw-page-title-main">Atria Management Company</span> American senior living management company

Atria Management Company, LLC (AMC) is a subsidiary of Atria Senior Living, Inc. (ASL). Along with another subsidiary of ASL, Atria Management Company manages independent living, assisted living, supportive living, and memory care communities in more than 344 locations in 44 states. In Canada, ASL subsidiary Atria Management Canada, ULC manages 29 Atria Retirement communities in seven Canadian provinces. Collectively, Atria communities are the residence of choice for approximately 40,000 senior adults and the company employs more than 14,000 staff. Atria is based in Louisville, Kentucky.

<span class="mw-page-title-main">Brookdale University Hospital and Medical Center</span> Major teaching hospital

The Brookdale University Hospital and Medical Center is a nonprofit 501(c)(3) medical services provider in the borough of Brooklyn, New York City. Brookdale's primary and secondary service areas together comprise 1 million residents. It serves most of Eastern Brooklyn: Brownsville, East New York, Canarsie and East Flatbush.

<span class="mw-page-title-main">Emeritus Senior Living</span> Defunct American company

Emeritus Corporation doing business as Emeritus Senior Living was a provider of independent living, assisted living, Alzheimer's care, and skilled nursing for seniors living in Emeritus communities throughout the United States. The company was founded in 1993, and was acquired by Brookdale Senior Living in July 2014 after a $23 million punitive damages award against it in a civil lawsuit in 2013.

<span class="mw-page-title-main">Continuing care retirement communities in the United States</span>

A continuing care retirement community (CCRC), sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. These various levels of shelter and care may be housed on different floors or wings of a single high-rise building or in physically adjacent buildings, such as garden apartments, cottages, duplexes, mid- and low-rise buildings, or spread out in a campus setting. The emphasis of the CCRC model is to enable residents to avoid having to move, except to another level of care within the community, if their needs change.

<span class="mw-page-title-main">Independent senior living</span>

Independent senior living communities are housing designed for seniors 55 and older.

As of 2017, approximately 1.4 million Americans live in a nursing home, two-thirds of whom rely on Medicaid to pay for their care. Residential nursing facilities receive Medicaid federal funding and approvals through a state health department. These facilities may be overseen by various types of state agency.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

<span class="mw-page-title-main">Granger Cobb</span> American corporate executive

Granger Cobb was an American retirement community executive who built the largest assisted living company in the United States. From one retirement community and through four large mergers and acquisitions, Cobb became the president and chief executive officer of Emeritus Senior Living with 521 retirement communities employing 31,000 people nationwide. He served in that role until Emeritus was acquired by Brookdale Senior Living on July 30, 2014. Cobb became a member of the board of directors of Brookdale.

Senior living is a concept that encompasses a range of housing and lifestyle options for ageing persons adapted to the challenges of health issues associated with ageing, such as limited mobility and susceptibility to illness.

<span class="mw-page-title-main">Impact of the COVID-19 pandemic on long-term care facilities</span> Aspect of viral outbreak

The COVID-19 pandemic has impacted long-term care facilities and nursing homes around the world. Thousands of residents of these facilities, who are a high-risk group, have died of the disease.

References

  1. "Brookdale Senior Living - Investor Relations - Investor Overview". Archived from the original on 2017-06-06. Retrieved 2017-09-17.
  2. "Brookdale Senior Living". Fortune. Archived from the original on 2019-04-16. Retrieved 2019-01-14.
  3. Fung, Esther (30 October 2018). "Baby Boomers Are Living at Home. That's Bad News for Senior-Housing Developers". The Wall Street Journal. Retrieved 12 August 2019.
  4. "2020 results". Archived from the original on 2021-02-18.
  5. 1 2 Silver-Greenberg, Jessica; Gebeloff, Robert (2021-03-13). "Maggots, Rape and Yet Five Stars: How U.S. Ratings of Nursing Homes Mislead the Public". The New York Times. ISSN   0362-4331 . Retrieved 2021-03-15.
  6. 1 2 Silver-Greenberg, Jessica (2021-03-15). "California Sues Nursing Home Chain, Saying It Manipulated Ratings System". The New York Times. ISSN   0362-4331 . Retrieved 2021-03-15.
  7. "Brookdale". Archived from the original on 2021-06-18.
  8. "Brookdale Senior Living and Emeritus Senior Living Complete Merger". Brookdale Newsroom. Archived from the original on 17 March 2016. Retrieved 27 March 2016.
  9. "Facility's no-CPR policy takes heat after woman's death". USA Today. Retrieved 2019-05-22.
  10. "Why did staff refuse to give woman CPR?" (webpage-embedded Flash video). CNN. March 4, 2013.
  11. 1 2 Cone, Tracie (March 6, 2013). "Glenwood Gardens CPR Case: Family Satisfied With Care Woman Received". The Huffington Post . Associated Press. Archived from the original on March 9, 2013. Retrieved February 23, 2014.