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CARF adds two representatives to its Financial Advisory Panel

New members bring expertise on corporate leadership, business development, and operational strategies

November 1, 2016, Washington, DC — CARF International has announced the addition of two new business firms to its Financial Advisory Panel (FAP). The firms, BB&T Capital Markets and Symbria, will each send a representative member to the FAP, an advisory group that provides input, leadership, and guidance to CARF on the development of financial accreditation standards in the aging services sector.

CARF’s FAP is composed of leading finance experts, including chief financial officers and consumers from accredited organizations, investment banks, and accounting or related firms. Individual representatives share their knowledge and advice on strategic financial issues through written publications, webinars, and workshops at professional conferences. Key activities of the FAP include defining business improvement processes and performance measures, developing financial ratio benchmarks, and interpreting trends and issues impacting the senior living field.

“Representatives on the FAP come from diverse and unique backgrounds and support quality in multiple aging services sectors,” says Julia Meashey, administrator of operations for CARF’s aging services unit. “We are pleased to have BB&T Capital Markets and Symbria joining as members so the standards can benefit from their unique perspectives and knowledge.”

BB&T Capital Markets is one of the largest providers of financial services to not-for-profit senior living organizations. It will be represented on the FAP by John Franklin, managing director and group head of the Municipal Investment Banking Group where, for the past 13 years, he has been responsible for the firm’s healthcare and senior living practice. Prior to BB&T, John was the group head of healthcare and senior living at what is now Wells Fargo Advisors and was the group head of senior living at what is now UBS Financial Services. During his 28-year career as an investment banker, John has completed more than 150 healthcare and senior living financings totaling more than $6 billion and has become one of the leading investment bankers in the healthcare and senior living industries.

John’s emphasis recently has been on corporate leadership, which he views as a core component that drives success and quality in aging services. He is concerned in particular with preparing not-for-profit leaders of the future. John has family members who receive aging services and a spouse who works in the field, so he brings perspective and insight from both professional and personal experience.

Symbria is a leading national source of forward-thinking clinical and business solutions for senior living and post-acute care providers. It will be represented on the FAP by Steve Hays, director of business development, who will bring a strategic positioning and performance improvement perspective to the group. In his current position, Steve is known for driving improvement in existing operations, directing turnarounds, and developing platforms for growth and acquisition of companies within senior housing and care, real estate, and healthcare environments. He believes quality measures, financial measures, and other indicators of quality will be important for businesses to move forward in the merging of senior living and healthcare services.

Steve’s background includes serving as national managing partner of the senior living and post-acute care consulting practice at Ernst & Young, where he advised clients on raising capital for start-up or refinancing and was involved in more than $2 billion of financing. He also served as senior vice president of campus communities for Health Care REIT (now Welltower), where he directed the REIT’s campus-based assets and drove revenue enhancement. He was also relationship manager for a $600 million senior living portfolio. Steve cofounded Main Street Senior Living Companies, a partnership to develop, acquire, and manage moderately priced senior living properties. He also directed the real estate operations business line within the senior living consulting practice at ParenteBeard.

With the additions of BB&T Capital Markets and Symbria, the FAP membership increases to 14. The FAP roster is now:

  • Ms. Susan Ahern, corporate director of finance, ACTS Retirement-Life Communities, Inc.
  • Mr. James Bodine, executive vice president, Herbert J. Sims & Co., Inc.
  • Mr. Jeffrey Boland, partner, Senior Living Services Consulting Group, Reinsel Kuntz Lesher LLP
  • Mr. Dave Bond, managing partner, Continuing Care Actuaries
  • Ms. Amy Castleberry, senior vice president, Ziegler
  • Mr. Michael Connell, provider member, Maryland
  • Mr. Michael Flynn, vice president & chief financial officer (Chair), Friendship Senior Options
  • Mr. John Franklin, managing director and group head, BB&TCM Municipal Investment Banking Group/BB&T Healthcare Finance
  • Mr. Thomas L. Gibbons, senior vice president of commercial banking, The Huntington National Bank
  • Mr. Steve Hays, director of business development, Symbria Advisory Services
  • Mr. Geary Milliken, president/CEO, Carroll Lutheran Village
  • Mr. Timothy Myers, chief financial officer, Ingleside & Westminster Retirement Communities
  • Mr. J. Wickliffe Peterson, executive vice president and chief financial officer, Senior Resource Group, LLC
  • Mr. Mark J. Ross, CPA, partner & healthcare practice leader, Baker Tilly

11/1/2016 9:05:00 AM

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