Virginia Gov. Terry McAuliffe has appointed David Miller, president and COO of Community Health Systems, to the board of visitors of the Virginia Military Institute. Miller earned his bachelor's degree in economics from VMI before moving on to receive an MBA from the Darden School at the University of Virginia. He joined Franklin-based CHS as a group vice president in 1997 and was promoted to his current roles early last year when the company completed its acquisition of Health Management Associates.
Ronald Orol at The Street says activist investor Sandell Asset Management appears to hold a strong hand in its dealings with Brookdale Senior Living, which it wants to spin off its real estate. The New York-based investment firm, Orol writes, plans to add to its board presence next spring to try to force such a transaction unless Brookdale's directors act before then. And the pieces are in place for such action — as are two deep-pocketed potential buyers.
For HCP and Ventas, an acquisition of Brookdale or its assets would prevent the formation of a new rival. Any move by Brookdale to spin off its massive real estate holdings into a free-standing REIT would create new competition for HCP and Ventas in the health care REIT industry, people familiar with Sandell argue.
The board of Delek US Holdings has grown to six as a result of the company's recent purchase of 48 percent of Texas-based Alon USA Energy. Yonel Cohen, one of the Alon USA board members who stepped aside to make room for five Delek representatives, was added to the Delek board last week and will hold his seat until the company's 2016 annual meeting.
POSTDATA: WARRANTY DEEDS