Brookdale’s Activist Shareholder Sells Its Stake

Sandell Asset Management has exited its position in Brookdale Senior Living (NYSE: BKD), about one year after the firm publicly pushed the senior living provider to spin off its real estate assets to maximize shareholder value. New York-based Sandell Asset Management and Sandell Investment Services LLC held shares of BKD as of the end of […]

Report: Brookdale in Talks to Sell Real Estate to HCP, Ventas

Following ongoing pressure from a major shareholder to spin off its real estate portfolio, Brookdale Senior Living (NYSE: BKD) is reportedly in talks with HCP Inc. (NYSE: HCP) and Ventas Inc. (NYSE: VTR) as potential buyers of the real estate. Sandell Asset Management Corp., the lead shareholder, is said to be involved in discussions with Brookdale […]