Movers and Shakers – People and Positions for June 24, 2011

Summer’s starting to heat up with staffing changes in the senior housing industry.  This week’s movers and shakers are continued proof that senior living jobs are a bright spot in the stagnant economy.  Looking to upgrade your talent or replace those who’ve moved on?  Posting jobs at Senior Housing News is a cost-effective means to reach SHN readers and thousands of others across the web.  For less than $1 a day ($50 for 60 days), you can post your jobs and descriptions to attract highly targeted candidates.

Now let’s get shakin…

AdCare Health Systems, Inc. (NYSE Amex: ADK) has appointed Martin D. Brew as chief financial officer effective June 3, 2011. Brew succeeds Scott Cunningham, who will be departing AdCare at the end of June to pursue other interests.  Brew brings more than 29 years of experience to AdCare with extensive financial management experience at publicly and privately owned companies encompassing real estate, REITs, healthcare, hospitality and private equity industries.

Brew previously served as vice president of finance and provided consulting services at Formation Capital, a private equity firm with expertise in the senior housing industry.  Brew earlier served as treasurer and chief accounting officer at Jameson Inns, a publicly traded owner, operator and developer of 120 hotels with annual revenues of $95 million. Brew received his Bachelor of Science in Business from Indiana University, and is a member of the Georgia Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Mather LifeWays recently announced that Kathryn L. Brod will join the company as Vice President, Senior Living Strategic Initiatives to focus on creating innovative new housing models to serve the next generation of older adults through collaboration with Mather LifeWays Institute on Aging, Senior Living, and Community Initiatives staff. Brod will also assist in pursuing strategic collaborations, partnerships, and affiliations with other organizations, including the establishment of a network of continuing care retirement communities (CCRCs) that wish to partner on a range of innovative services and programs.

Prior to joining Mather LifeWays, she served as Senior Vice President/Director of Research at Ziegler for thirteen years. There, she was responsible for conducting all applied research activities for one of the nation’s leading investment banking firms for non-profit senior living providers. She also directed the firm’s extensive educational efforts and led board facilitation for not-for-profit clients. Brod has served as Director of Continuing Care at the American Association of Homes and Services to the Aging (now Leading AgeTM) and Chief Financial Officer of Collington Episcopal Life Care Community, Inc. Brod earned an M.B.A. in finance from The Wharton School at the University of Pennsylvania.

CONTINUING CARE RETIREMENT COMMUNITY - Colorado Estate Planning

If you, your parent, or an elderly loved one is reaching the point where living alone is no longer an option – for medical reasons or otherwise – it may be time to consider some time of assisted living, whether nursing home or retirement community Increasingly, many families are looking at the “Continuing Care Retirement Community” or CCRC option. Even though the CCRC may be the pricier option, a little-known tax strategy recently explained in Smart Money could make it more financially attractive.

What is a CCRC? As SmartMoney explains: As opposed to a traditional nursing home where you simply pay a monthly fee, residents enter into a long-term contract with a CCRC. In exchange for a one-time entry fee and ongoing monthly charges, the CCRC provides housing and a range of on-site services. When a resident's health and personal care needs become more acute, the level of service can be increased to include assisted living, long-term care and skilled nursing care. The big advantage is that the resident doesn't have to move as his or her needs change. (122 TC 143, 2004).