Brookdale Confirms Receipt Of Director Nominations
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/8/2026
Go back to Brookdale Confirms Receipt Of Director Nominations
March 17, 2015 8:46 AM EDT
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) announced that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private pay senior housing communities (the Portfolio) representing 5,025 units for $849 million. The Portfolio will be acquired using a RIDEA joint venture structure with HCP and Brookdale owning 90% and 10%, respectively. Brookdale has operated these communities since 2011 after its acquisition of Horizon Bay, and will continue to manage the communities post-closing under a long-term management agreement.
Located in eight states with... More
March 16, 2015 3:41 PM EDT
Brookdale Senior Living (NYSE: BKD) confirmed that Sandell Asset Management ("Sandell") has provided notice of its intent to nominate three director candidates to stand for election to Brookdale's Board of Directors at the Company's 2015 Annual Meeting of Shareholders. The Nominating and Corporate Governance Committee of the Board of Directors will review the proposed nominees in accordance with the Company's Bylaws and Corporate Governance Guidelines. Brookdale shareholders are not required to take any action at this time.
Brookdale issued the following statement:
Brookdale's Board of Directors and management team are... More
