Brookdale Senior Living Enriches Board with Joshua Hausman's Appointment

Brookdale Senior Living Enhances Board with New Appointment

On April 24, 2025, Brookdale Senior Living Inc. made a significant move to strengthen its Board of Directors by appointing Joshua Hausman as an independent director, effective immediately. This decision signals the company’s ongoing commitment to enhancing its leadership structure in the highly competitive senior living and healthcare sectors.

About Joshua Hausman

Joshua Hausman brings a wealth of experience to the Brookdale boardroom. As the Managing Partner at MHJ Capital Partners, he has spent over two decades in the private equity sector, particularly focusing on healthcare investments. Hausman previously served as Managing Director at Onex Partners, where he specialized in healthcare investment activities. His depth of expertise spans skilled nursing facilities and behavioral health services, making him a notable addition to Brookdale’s leadership team.

Denise W. Warren, the Interim Chief Executive Officer and Chairman of the Board, stated, "Josh has over 20 years of private market investment experience focused on the healthcare industry, including in facilities-based skilled nursing and behavioral health." His background and skills are expected to greatly benefit Brookdale’s strategic objectives.

Board Refreshment Strategy

The appointment of Hausman comes as part of Brookdale's broader strategy to refresh its Board. Denise Warren emphasized that the ongoing evolution of the Board is driven by the need for fresh perspectives and expertise, reflecting engagement with shareholders and addressing the changing landscape of the senior living industry. The average tenure of Brookdale’s Board is expected to decrease to less than four years following the upcoming 2025 Annual Meeting, a strategic move to invite a new wave of insights and leadership dynamics.

In addition to Hausman, the Board recently welcomed Mark Fioravanti as an independent director. Frank M. Bumstead has opted not to stand for re-election, which further contributes to a revitalized and dynamic leadership team. The current Board will count eight members with only one being an internal director, ensuring a strong independent oversight.

Commitment to Growth and Shareholder Value

With the expertise Hausman brings, Brookdale aims to prioritize key performance metrics such as profitable occupancy, revenue per available room (RevPAR), and adjusted EBITDA, while also focusing on elevating its adjusted free cash flow generation. Ms. Warren confidently noted that Hausman’s experience collaborating with management teams in formulating and implementing growth strategies will be instrumental in accomplishing these goals and ultimately enhancing shareholder value.

Brookdale's Mission and Vision

As the premier operator of senior living communities in the U.S., Brookdale operates a vast network of 647 communities across 41 states, catering to approximately 58,000 residents. The company is dedicated to enriching the lives of seniors through compassionate care and exceptional services. Brookdale's emphasis on tailored solutions and person-centered care sets it apart in the industry. They operate in various settings, including independent living, assisted living, memory care, and continuing care retirement communities, aiming to create environments that foster wellness, growth, and meaningful relationships.

A Future Built on Trust and Partnership

Brookdale's refreshment of its Board and the strategic appointment of experienced leaders reaffirm its commitment to navigating the evolving landscape of senior living. As they continue to pursue a vision rooted in passion, courage, partnership, and trust, the company is poised to redefine senior living for a brighter and healthier future. Stakeholders and investors remain excited to see how these changes contribute to Brookdale's ongoing success, operational excellence, and commitment to delivering value to its residents and shareholders alike.

Brookdale's shares are publicly traded on the New York Stock Exchange under the ticker symbol BKD, signaling their steadfast position within the market.