Brookdale Welcomes Joshua Hausman as New Board Member
BROOKDALE APPOINTS JOSHUA HAUSMAN TO BOARD OF DIRECTORS
Bringing Significant Healthcare and Private Capital Expertise Representing Senior Care Services
Brookdale Senior Living Inc. (NYSE: BKD) has made an impactful decision by including Joshua Hausman as its newest independent director. This strategic move is expected to bring a wealth of knowledge to the Board, further enriching the company's focus on senior care services.
Background on Joshua Hausman
Mr. Hausman, currently the Managing Partner at MHJ Capital Partners, has an extensive background in the healthcare investment sector. He previously served as the Managing Director at Onex Partners, where he spent two decades honing his expertise in facilities-based skilled nursing and behavioral health. Hausman's experience encompasses not only investment strategies but also active engagement with management teams for developing and implementing growth strategies.
Combined Expertise - A Valuable Addition
Denise W. Warren, Brookdale's Interim Chief Executive Officer and Chairman of the Board, emphasized Hausman’s unique insights. She stated, "Josh has over 20 years of private market investment experience focused on the healthcare industry. His owner mindset and collaborative skills will greatly impact our plans for enhancing occupancy and driving value for shareholders."
The addition of Mr. Hausman comes shortly after the onboarding of Mark Fioravanti, signaling a commitment to refreshing the Board with experienced leaders. Following the 2025 Annual Meeting, the average tenure of the Board will be less than four years, comprising eight directors, out of which seven will be independent.
Commitment to Governance and Strategy
Brookdale is not merely focused on board restructuring. The organization is actively evaluating potential governance enhancements aimed at improving director tenure policies. Furthermore, a comprehensive review of their long-term performance-based incentive programs for executives is underway.
Pioneering Care Solutions for Seniors
The mission at Brookdale is clear: to enrich the lives of seniors through compassionate care paired with strategic financial planning. The company promises to deliver exceptional service across its numerous independent living and assisted living facilities. As of now, Brookdale operates 647 communities across 41 states, providing care to around 58,000 residents.
Brookdale is redefining aging by emphasizing personal growth, wellness, and creating meaningful connections within its communities. The ethos of Brookdale is underlined by its core values of passion, courage, partnership, and trust, driving a vision for a healthier future for seniors.
Looking Ahead
With the leadership of Joshua Hausman and a renewed Board, Brookdale is positioned to enhance operational capabilities. The company aims to implement effective strategies focusing on profitable occupancy and significant Adjusted EBITDA growth. Stakeholders can expect robust initiatives directed at creating long-term shareholder value, reflecting management’s commitment to navigating future challenges effectively.
Frequently Asked Questions
Who is Joshua Hausman?
Joshua Hausman is the newly appointed independent director at Brookdale Senior Living, known for his extensive experience in healthcare investment.
What role will Hausman play at Brookdale?
He will provide strategic insights and expertise focused on enhancing the company's senior care services and operational growth.
What changes are expected in the Board structure?
After the 2025 Annual Meeting, the Board will have an average tenure of less than four years with seven independent directors.
What is Brookdale's mission?
Brookdale aims to enrich the lives of seniors through compassionate care and exceptional service across its many communities.
How many communities does Brookdale operate?
Brookdale operates 647 communities across 41 states, providing care to approximately 58,000 residents.
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