Company News

Not even a full week into the new year, some of the seniors housing industry’s biggest companies have announced changes in their executive ranks. The players shuffling top personnel include giant REIT Welltower, independent living owner-operator Holiday Retirement, memory care developer Silverado and continuing care retirement community (CCRC) owner-operator Kendal Corp.

LAKE FOREST, Calif. —Summit Healthcare REIT Inc. has named Suzanne Koenig to its board of directors after an election at the annual meeting of stockholders.

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the largest seniors housing owner/operator in the U.S., has named three new company executives — Labeeb Diab as chief operating officer, Lucinda “Cindy” Baier as chief financial officer and Mary Sue Patchett as executive vice president – community and field operations.

EXCELSIOR, Minn. — Lancaster Pollard has opened an office in Excelsior, about 20 miles west of Minneapolis, to be led by Quintin Harris, senior vice president with the firm.

DENVER — Rob McAdams has joined Lancaster Pollard and will open a new office for the firm in Denver. McAdams will serve the lender’s clients in Colorado, Wyoming, Montana and Idaho and will oversee the structuring and funding of healthcare project financings for hospitals and senior living providers in those states.

ATLANTA —AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), an owner of 39 skilled nursing and assisted living properties throughout the U.S., has appointed Thomas Knaup and Allan Rimland to its board of directors.

ALEXANDRIA, Va. — The Assisted Living Federation of America (ALFA), which earlier this week announced a rebranding under the name Argentum, will reorganize its structure and has promoted Maribeth Bersani to the position of chief operating officer.