Brookdale Senior Living (NYSE: BKD) should split into two entities, activist investor Land & Buildings said in an open letter released Monday. Under the proposal, Brookdale would create a real estate investment trust (REIT) for its owned properties and a separate public company for its management business, including its ancillary services division that includes home health. […]
Brookdale Senior Living (NYSE: BKD), one of the largest home health providers in the United States, is under pressure again from an activist shareholder. The shareholder—Stamford, Connecticut-based investment management firm Land & Buildings—is pressing Brookdale to share more information about an ongoing strategic review process and says the company should consider offers that might seem […]
An activist shareholder is once again pressuring one of the country’s largest home health providers to act—this time, it says, in the interest of heightened transparency. Specifically, Stamford, Connecticut-based Land & Buildings Investment Management LLC on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration […]
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