AdCare Health Systems, Inc., a leading nursing home and assisted living company, appointed David Rubenstein to the new position of chief operating officer, effective December 19, 2011.
Rubenstein brings to AdCare extensive operational experience in delivering long-term care, including P&L management, census development, and administrative support.
“David’s extensive experience in implementing operating strategies that maximize facility productivity, minimize costs and increase Medicare census fits perfectly with our M&A and facility optimization programs,” said Boyd Gentry, AdCare’s president and CEO. “David will play a key role in advancing our mission of delivering high-quality care along with strong operational efficiency.”
Rubenstein has more than 23 years of experience in long-term care facility management. He was previously CEO of LaVie Management Services, managing the operations of 60 skilled nursing facilities across 16 states. Prior to LaVie, he served as CEO of Coastal Administrative Services and executive vice president of strategy and support for Genoa Healthcare, responsible for IT, accounting, and reimbursement in support of 145 skilled nursing facilities.
Rubenstein earlier served as chief development officer of Genoa Healthcare Consulting, where he was responsible for acquisitions and divestitures for the 128 facility organization. Rubenstein also held several executive positions with Centennial HealthCare, including senior vice president of inpatient services, responsible for the operations of 67 skilled nursing facilities.
Rubenstein received his Bachelor of Science in Accounting from the University of Rhode Island. He is a teaching affiliate with Lincoln Healthcare Events, the Healthcare Financial Managers Association, and the American Health Care Association. Rubenstein is also process master certified by Hammer and Company.
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