A quartet of Brookdale Senior Living insiders — including the company's former CEO — have in the past week sold chunks of their stock holdings, generating almost $8 million. The biggest sale came from Bill Sheriff, who led the Brentwood-based company until this past February and still sits on its board of directors. He hit the sell button on 200,000 shares worth more than $5.3 million and gifted another $1.1 million worth. (He still owns more than 640,000 shares of Brookdale (Ticker: BKD), which have given up 11 percent in the past month but are still up slightly year to date.
Also lightening their company stakes since last Friday were director James Seward and Chief Administrative Officer Bryan Richardson, who both sold 40,000 shares for about $1.1 million, and COO Gregory Richard, who sold more than 14,000 shares for about $400,000.
SEE ALSO: Other noteworthy insider transactions from this summer
National Health Investors has made a $9.2 million, two-year loan to Bickford Senior Living — its partner in a growing joint venture — to fund the latter's acquisition of six communities in four Midwestern states. The NHI/Bickford JV holds an option to buy the centers for almost $100 million.