Joel Nelson Promoted to President and Chief Operating Officer for LCS

DES MOINES, Iowa, Nov. 4, 2014 (GLOBE NEWSWIRE) -- LCS® announced today that Joel Nelson, who currently serves as executive vice president and chief development officer, was promoted to the position of president and chief operating officer for the company. Nelson will be responsible for leading the company's operating activities, working with senior management to drive performance excellence and earnings across all business lines.

"LCS has grown significantly across all business lines and is now serving more than 33,000 seniors. Separating the CEO and president responsibilities was a natural evolution of that growth," says Ed Kenny, chairman and chief executive officer. "I am very pleased to have an individual of Joel's caliber lead the company's operating activities, while I focus on the strategic progression of LCS."

Nelson joined LCS in 1986 as an administrator-in-training and rose through the organization serving as an executive director for several continuing care retirement communities (CCRC). He also served in a number of regional managerial and company leadership roles. Most recently, Nelson developed and grew the company's investment portfolio by identifying opportunities for mergers, acquisitions, and strategic partnerships including ownership interests in 48 senior living assets, mergers of three smaller regional senior housing companies, and numerous strategic alliances.

He is a graduate of Simpson College with a bachelor's degree in Business Management and Health Care Administration, and holds a Nursing Home Administrator license. Nelson serves on the LCS Board of Managers as Secretary and is an Audit Committee member. Additionally, Nelson served on numerous for-profit and not-for-profit Boards. Most recently, he finished his term as president of ChildServe, the largest not-for-profit organization in Central Iowa for children and families. And he currently serves on the Simpson College Advisory committee, which is charged with designing and starting a new Health Care Administration program.

About LCS®

Based in Des Moines, Iowa, and established in 1971, LCS is a leading provider of high-quality senior lifestyle products and services. The LCS Family of Companies provide development, management, marketing and sales, and strategic planning for continuing care retirement communities (CCRCs), stand-alone assisted living, memory care, and rental communities nationwide. The company also provides in-home care, insurance, and national purchasing consulting services. LCS companies serve 33,000 seniors and is the nation's third largest management company. LCS is an equal opportunity employer hiring skilled and professional employees to better serve the customer. For more information, visit LCSnet.com.

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