Brookdale (NYSE: BKD) and Ortelius Advisors have outlined their respective priorities prior to the operator’s annual stockholders meeting next month. In March, Ortelius, which owns 1.3% of Brookdale’s shares, nominated six new members to Brookdale’s board of directors. The activist investor noted it thought the Brentwood, Tennessee-based company and nation’s largest senior living operator could […]
Ortelius Advisors
Activist investor Ortelius Advisors continues to put pressure on Brookdale ahead of its annual shareholder meeting, while the nation’s largest operator continues to tout its operating results as proof it’s on the right path in 2025. Activist investor Ortelius on Tuesday issued an open letter to Brookdale shareholders noting it remains “deeply concerned” by Brookdale’s […]
Brookdale Senior Living (NYSE: BKD) is touting recent moves and operating improvements as proof that its board and management team are “realizing the company’s full potential.” The Brentwood, Tennessee-based company is improving its operating performance, optimizing its real estate portfolio and reinvesting capital into its communities, according to a May 15 letter to its shareholders. […]
After launching a proxy fight with the Brookdale (NYSE: BKD) board of directors last month, activist investor Oretelius Advisors has published a letter outlining how the nation’s largest operator can unlock the “intrinsic value” of its real estate. The company issued a letter Thursday to its fellow Brookdale stockholders urging a number of sweeping changes […]
Brookdale Senior Living (NYSE: BKD) reported 79.3% weighted average occupancy in February, up 140 basis points from last year , a sign the company could see a re-acceleration of growth in 2025, according to one analyst. Occupancy for the Brentwood, Tennessee-based senior living operator increased by 10 basis points from last month, potentially beating seasonal […]
Brookdale investor Ortelius Advisors, L.P. has issued a letter to the company nominating six new members to its board, in response to what Ortelius described as “Brookdale’s abysmal performance and chronic undervaluation.” Ortelius Advisors owns 1.3% of Brookdale’s common stock, according to the letter. In the letter, Ortelius noted that Brookdale committed to a turnaround […]
After raising $154.8 million in transactions with Conversant Capital, one of the few publicly traded U.S. senior living operators is not just starting a new chapter but “a whole new book” — with a new name. Dallas-based Capital Senior Living is rebranding to Sonida Senior Living, the company announced Wednesday. When the name change officially […]
Shareholders of Capital Senior Living (NYSE: CSU) have approved a deal with Conversant Capital, including financing transactions to raise up to $154.8 million, according to preliminary results of a vote held on Friday. “We are very pleased with the outcome of today’s Special Meeting and want to thank our shareholders for their continued support, engagement […]
Another investor in Capital Senior Living (NYSE: CSU) has proposed an alternative to the provider’s plan to raise up to $154.8 million through a transaction with Conversant Capital. Invictus Global Management on Tuesday provided term sheets to Dallas-based Capital Senior Living for a $150 million financing transaction, which it claims is at market value and […]
Capital Senior Living (NYSE: CSU) has faced activist shareholder pressure over the terms of a deal with Conversant Capital, first announced in July 2021, intended to raise up to $152.5 million. Now, Capital and Conversant have entered into an amended and restated investment agreement, involving major shareholders Arbiter Partners and Silk Partners, to raise up […]
Subscribe
Receive industry updates and breaking news from SHN