From NESN website:

Legendary MLB manager Sparky Anderson, 72, has been placed in hospice for complications resulting from dementia.

The thoughts and prayers of Redleg Nation go out to Sparky and his family.

UPDATE: Here is the press release issued by the Reds:

Hall of Fame Manager Sparky Anderson has been placed in the care of hospice for complications resulting from dementia at his home in Thousand Oaks, CA.

The Anderson family, which consists of wife Carol, sons Lee and Albert, and daughter Shirley Englebrecht, wishes to express appreciation to all friends and fans for the support and kindness they have shown throughout Sparky’s career and retirement.

The family is particularly grateful for the respect for privacy the national and local media has demonstrated during this trying period. All requests for future updates should be directed to family spokesman Dan Ewald at 248-828-8153 or 248-928-4348.

“We are very sad to hear the news of Sparky’s failing health,” Reds President and CEO Bob Castellini said in a statement. “Every day here we are reminded of his contribution to the success of this proud franchise. The Reds’ family offers its prayers and support to Sparky and his family during this difficult time.”

Anderson, 76, managed the Reds to World Series titles in 1975 and ’76. Anderson added a third World Series championship with Detroit in 1984.