Michael J. Connell, CPA, Chief Financial Officer – Asbury Communities, Inc., A certified public accountant, Michael Connell has worked within the senior living industry for over 16 years in finance and accounting roles. As the Chief Financial Officer for Asbury Communities, Inc. (Asbury), he is responsible for the overall financial strength and strategies for entire Asbury system which is based in Germantown, Maryland. Asbury is a multi-site system which is currently number 12 on the current AZ 100 with a total of six continuing care retirement communities (CCRCs) in Maryland, Pennsylvania, and Oklahoma. In addition, Asbury manages three additional communities in Tennessee. Six of these CCRCs are accredited by CARF/CCAC. Asbury also provides Management, IT and Marketing services to various other senior living providers. Mr. Connell’s duties include strategic planning, implementation, coordination, and maintenance of the finances and accounting for the entire Asbury system.
Mr. Connell has played a key role in multiple bond financing transactions dealing with both “new money” and refinance. He has experience with various bond structures, re-structures, and financing strategies. Prior to joining Asbury Communities early, Mr. Connell served as the CFO for a smaller multi-site CCRC organization based in Washington, D.C. as well as the CFO with single-site CCRC in West Palm Beach, Florida. In addition, he also has five years of experience as a former healthcare and long term care specialist auditor for Ernst & Young LLP. He has been a speaker a several senior living seminars and conferences.
Mr. Connell holds a Bachelor of Science, magna cum laude, in Accounting from College of Saint Rose in Albany, New York where he received a basketball scholarship. Mr. Connell resides in Olney, Maryland with his wife Nicole and their three children.
Michael A. Flynn is a senior executive with over 28 years experience with 22 years in the long-term care field. Mr. Flynn was appointed as Chief Executive Officer in 2006 where he is responsible for the day-to-day leadership and strategic development of Smith Senior Living which serves two CCRC campuses in the southwest sector of Chicago and suburban area. He has played key financial and operating roles with regard to sound fiscal management, tax-exempt financing, and regulatory and corporate compliance, among other issues. Prior to joining Smith Senior Living he served as vice president and chief financial officer for Friendship Village of Schaumburg, in Schaumburg Illinois, a large not-for-profit Continuing Care Retirement Community. Prior to joining Friendship Village, he worked for manufacturing organizations in the positions of Internal Auditor and Controller. He completed a six year term on the CARF/CCAC financial advisory panel and served as Vice Chair for three years and was recently re-appointed to the panel. Mr. Flynn has conducted surveys for CARF/CCAC for the past 22 years. He is a Retirement Housing Professional. He is a Board Member and Treasurer for Health Resources Alliance. He serves on the LSN Board, Finance Committee and CCRC cabinet. Mr. Flynn is a frequent speaker at national and state association meetings.
Susanne Matthiesen is the managing director of aging services at CARF International, which includes CARF-CCAC. She provides leadership to aging services accreditation throughout North America for programs such as assisted living; adult day services; continuing care retirement communities; aging services networks; long-term care; and home and community services. She brings more than 16 years of professional experience to CARF-CCAC.
Sue received her M.B.A., focused on long-term care administration, from The George Washington University. Before joining CARF, she worked in consulting on federal government contracts, providing graduate education on long-term care administration in an academic medical center, and developing long-term care education for a professional association.
