LAKE NONA, Fla. — Watercrest Senior Living Group has named Jenny Phillips executive director of Watercrest of Lake Nona Assisted Living and Memory Care Community, a 76,000-square-foot, 80-unit, luxury senior living community in Lake Nona, a neighborhood of Orlando.
People
Brookdale Appoints Mark Parrell and Lee Wielansky to Board Of Directors with Sandell Approval
by Jeff Shaw
NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has appointed of Mark J. Parrell and Lee S. Wielansky to its board of directors as Class III directors. The two appointees were selected with approval of Sandell Asset Management Corp., a shareholder group within the company that was pushing for changes on the board and for Brookdale to spin off its real estate portfolio into a REIT.
CHARLOTTE, N.C. — Maxwell Group Inc., a retirement management group based in Charlotte, N.C., has appointed Cassandra Heath as vice president of sales management. Maxwell Group is the parent company of Senior Living Communities, owner and operator of nine retirement communities in the Southeast and Midwest; Live Long Well Care, a private-duty care service provider for seniors; and Wellmore, a new line of healthcare and wellness retirement communities.
For the fourth consecutive year, Justin Hutchens has made Forbes lists of America’s Most Powerful CEOs 40 and Under, ranking 13th this year. Hutcens is CEO and president of National Health Investors Inc. (NYSE: NHI), a real estate investment trust specializing in seniors housing and medical properties.
ATLANTA— AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a provider of senior living and healthcare facility management, continues its transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, with 35 of the company’s 40 properties leased or sub-leased. As a result, the company’s board of directors declared a cash dividend on the common stock. The company also announced changes to the board of directors and a the hiring of a new chief financial officer.