- Brookdale Senior Living (BKD, Financial) appoints Joshua Hausman as an independent director, effective April 24, 2025.
- Following recent board changes, Brookdale's board will consist of eight directors, seven of whom are independent, with an average tenure of less than four years.
- Brookdale continues to focus on accelerating profitable occupancy, RevPAR growth, and enhancing financial performance metrics such as Adjusted EBITDA and Free Cash Flow.
Brookdale Senior Living Inc. (BKD) has announced the appointment of Joshua Hausman to its Board of Directors as an independent director, effective April 24, 2025. Hausman, currently the Managing Partner at MHJ Capital Partners, brings over 20 years of expertise in healthcare and private capital investing, notably within facilities-based skilled nursing and behavioral health sectors.
This strategic move follows the recent addition of Mark Fioravanti to the board and the decision by Frank M. Bumstead not to seek re-election. Post these appointments, Brookdale's board will be comprised of eight directors, seven of whom will be independent. Notably, four directors have been appointed in the past two years, resulting in an average board tenure of less than four years.
Brookdale's Interim CEO, Denise W. Warren, emphasized the benefits of Hausman's vast experience in healthcare investments and his track record in collaborating with management teams to develop growth and operational strategies. Warren stated, "We are confident we will benefit from his deep expertise and insights." The company is keenly focusing on initiatives aimed at boosting profitable occupancy, ramping up RevPAR growth, achieving significant gains in Adjusted EBITDA, and improving Adjusted Free Cash Flow generation.
With 647 communities spread across 41 states, Brookdale serves approximately 58,000 residents as of March 31, 2025. The company continues to prioritize its mission of enhancing the lives of seniors through dedicated care and exceptional service. Brookdale’s stock trades on the New York Stock Exchange under the ticker symbol BKD.
