Brookdale announces executive shake-up

COO stepping down; president/CFO dropping financial duties
Jun 22, 2015 12:20 PM

Blakeford pursues $25M expansion, master plan evaluation

Senior living community could add 44 units, transfer 12
Jun 12, 2015 2:15 PM

Is the clock ticking for a big Brookdale REIT deal?

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.

Jun 8, 2015 7:20 AM

Goldman says buy Brookdale

Goldman Sachs analyst Brian Zimmerman has begun covering shares of Brookdale Senior Living with a 'buy' rating. He sees the stock, which closed at $36.87 (Ticker: BKD) and is flat year to date, climbing to $45 in the coming year. Among the seven analysts tracking the Brentwood-based company, the median price target is $44.

Jun 5, 2015 7:24 AM

Prudential Financial real estate arm buys in Franklin, Hendersonville

A real estate branch of Prudential Financial has acquired two Tennessee assisted living communities and one in Connecticut for $110 million.

Through the deal, Prudential Real Estate Investors acquires The Hearth at Hendersonville and The Hearth at Franklin, which have 130 and 126 units, respectively.

"We are pleased to add the Hearth Portfolio, a high-quality senior housing portfolio with strong income potential, as the first investment for our SHP V portfolio," Noah Levy, head of PREI's Senior Housing business. "We look forward to partnering with Hearth Management, who are proven senior hosting operators, to deliver attractive risk-adjusted returns for SHP V investors.

Hearth Management previously owned the properties through a joint venture and will remain as property manager.

Jun 1, 2015 10:25 AM

HCA, Brookdale execs book more than $4M in stock profits

Hospital chain SVPs come back for second round of option deals this month
May 20, 2015 7:30 AM

Big dividend boost at NHC

The board of National HealthCare Corp. has voted to boost the nursing home operator's quarterly dividend to 40 cents per common share. That's up almost 18 percent from last quarter and will lift the yield of NHC (Ticker: NHC) above 2.5 percent. Word of the hike came shortly after NHC executives reported first-quarter profits that were flat versus a year earlier. The new dividend will be paid Sept. 1 to shareholders of record on June 30.

May 8, 2015 9:01 AM

Earnings wrap: Brookdale, Diversicare, Cumberland

Senior living facility company misses; acquisitions boost skilled nursing provider
May 8, 2015 6:53 AM

Double-digit raises for three of five Brookdale leaders

Quintet also gets stock awards worth $8.5M
May 5, 2015 7:04 AM

Double-digit raises for Diversicare brass

Trio also in line for larger bonuses
May 1, 2015 7:47 AM