Core Viewpoint - Sienna Senior Living Inc. has completed the acquisition of Hazeldean Gardens Retirement Residence for $85.25 million, which is expected to enhance the company's growth through operational synergies and improve occupancy rates in the Ottawa market [1][3][4]. Group 1: Acquisition Details - The acquisition includes a 172-suite retirement residence with 129 independent living, 31 assisted living, and 12 memory care units located in Stittsville, Ontario [1]. - The total purchase price of $85.25 million includes a performance-based payment of $3.75 million and an additional contingent payment of $1.25 million [3]. - The acquisition is financed through a combination of cash on hand and credit facilities, and is expected to be immediately accretive to the company's AFFO per share [3]. Group 2: Financial Metrics - The acquisition was completed at a significant discount to replacement cost, with an initial investment yield of 6.33% before accounting for internal synergies [4]. - The expected investment yield in the first year following the acquisition is projected to be 6.8% [4]. Group 3: Market Context - The residence is anticipated to reach a stabilized occupancy of 95% within the next 12 months, supported by improving supply-demand fundamentals in the Ottawa market [2]. - Sienna has completed over $340 million in acquisitions in 2025, indicating an active strategy in the acquisition market to scale its business [3].

Dividend Announcement - Sienna Senior Living Inc. announced a dividend of $0.078 per common share for June 2025, which annualizes to $0.936 per common share [1] - The dividend will be payable on July 15, 2025, to shareholders of record as of June 30, 2025 [1] Tax Designation - The dividends are designated as eligible dividends for Canadian tax purposes in accordance with the Income Tax Act (Canada) [2] Dividend Reinvestment Plan - Sienna has a Dividend Reinvestment Plan (DRIP) allowing eligible shareholders to reinvest cash dividends in additional common shares at a 3% discount from the market price [3] - Participation in the DRIP is optional, and shareholders not participating will continue to receive cash dividends [3] Company Overview - Sienna Senior Living Inc. offers a full range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs [4] - The company employs approximately 14,500 individuals dedicated to enhancing daily life for residents [4]

Brookdale's Significantly Refreshed Board Has Critical Skillsets and Experience Necessary to Drive the Company's SuccessOrtelius' Attempt to Take Control of the Company Risks Value Destruction, Disrupting Brookdale's Continued Operational Progress and CEO Search Ortelius Does Not Have a Substantially Different Strategic Plan or a Board Slate with a Diversified Skillset Relevant to Brookdale's StrategyThe Company Urges Shareholders to Vote "FOR" ONLY the Eight Brookdale Nominees Listed on the BLUE Proxy Card ...

Company Overview - Brookdale Senior Living Inc. is the leading operator of senior living communities in the United States, with 647 communities across 41 states and the capacity to serve approximately 58,000 residents as of March 31, 2025 [1] - The company offers a range of living options including independent living, assisted living, memory care, and continuing care retirement communities, focusing on empowering seniors to live with dignity and purpose [1] - Brookdale emphasizes its commitment to compassionate care, clinical expertise, and exceptional service, guided by its core values of passion, courage, partnership, and trust [1] Occupancy Performance - In May, the consolidated weighted average occupancy increased by 190 basis points year-over-year and 20 basis points sequentially to reach 80.0%, marking a significant milestone for the portfolio [3] - The same community weighted average occupancy for May was 80.6%, also reflecting a sequential increase of 20 basis points compared to April [3] - The month-end occupancy for same communities grew by 50 basis points sequentially to 82.1%, representing the highest month-end sequential increase in the last nine months [3] - For the second quarter to date, the consolidated weighted average occupancy stands at 79.9%, which is a 60 basis point sequential increase from the first quarter [3] - The month-end occupancy growth in May 2025 accelerated to 50 basis points sequentially from April, compared to a 30 basis point increase in the same period last year [3]

Core Points - Sienna Senior Living Inc. received shareholder approval for all resolutions at its Annual and Special Meeting held on May 28, 2025 [1] - All nominees listed in the management information circular dated April 8, 2025, were elected as directors of the Company [1] Proxy Voting Results - Barbara Bellissimo received 38,120,866 votes for (99.05%) and 367,013 votes withheld (0.95%) [1] - Paul Boniferro received 38,176,534 votes for (99.19%) and 311,345 votes withheld (0.81%) [1] - Dr. Gina Parvaneh Cody received 34,888,362 votes for (90.65%) and 3,599,517 votes withheld (9.35%) [1] - Nitin Jain received 38,154,150 votes for (99.13%) and 333,729 votes withheld (0.87%) [1] - Shelly Jamieson received 37,707,469 votes for (97.97%) and 780,409 votes withheld (2.03%) [1] - Brian Johnston received 38,057,867 votes for (98.88%) and 430,012 votes withheld (1.12%) [1] - Stephen Sender received 34,859,435 votes for (90.57%) and 3,628,444 votes withheld (9.43%) [1] Company Overview - Sienna Senior Living Inc. offers a full range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs and services [2] - The Company employs approximately 14,500 individuals dedicated to enhancing daily life for seniors [2]

Core Viewpoint - Brookdale Senior Living Inc. is urging shareholders to vote for its eight highly qualified director nominees on the BLUE proxy card, emphasizing the lack of relevant experience among the nominees proposed by Ortelius Advisors, L.P. [1][2][4] Group 1: Board Composition and Strategy - Brookdale's Board is described as refreshed and well-rounded, consisting of eight highly qualified nominees with expertise necessary for positive financial and operational performance [2][6] - The Board has added four new directors in the past year, enhancing its composition with strong backgrounds in real estate, healthcare, operations, and senior housing [6][12] - The current Board is committed to executing a clear strategy, including the search for a new CEO, and believes that replacing any directors at this time would impair the company's success [4][5] Group 2: Comparison with Ortelius Nominees - Ortelius is attempting to take control of the Board with nominees who lack relevant experience in critical areas such as healthcare and hospitality, which are essential for Brookdale's operations [4][13] - The Brookdale Board argues that electing Ortelius' nominees would undermine the progress made and put shareholder investments at risk [4][18] - Brookdale's nominees possess a diverse range of skills, including healthcare leadership, financial expertise, and operational experience, which are deemed superior to those of Ortelius' candidates [12][18] Group 3: Financial Performance - Brookdale reported positive adjusted free cash flow and adjusted EBITDA that exceeded internal expectations in the first quarter of 2025, indicating successful execution of key initiatives [20][23] - The company achieved an 80% same community weighted average occupancy, a 4.9% growth in consolidated RevPAR year-over-year, and a 90 basis points expansion in same community operating income margin year-over-year [23][24] - Brookdale's performance metrics have outperformed those of its peers, including Sonida Senior Living, Inc., in key areas [21][24] Group 4: Governance Practices - The Board emphasizes its commitment to best practices in corporate governance, including annual elections of all directors and policies against hedging and pledging of securities [7][8] - Governance enhancements are actively being reviewed, including director tenure and performance-based long-term incentive awards [8][19] - The Board's structure includes fully independent standing committees and a majority vote standard for non-contested elections, ensuring accountability to shareholders [7][8]

Brookdale Senior Living (BKD) 2025 Conference May 20, 2025 09:00 AM ET Speaker0 Care analyst here at RBC Capital Markets. Thank you all for joining us. Very pleased to have management from Brookdale Senior Living joining us again this year. We're hosting Don Cusot, executive vice president and chief financial officer, and Jessica Hazel, vice president investor relations. Thank you guys for joining us today. Speaker1 Thanks. Thank you for having us. Thank you, Ben. Speaker0 Yes. So we had significant momentu ...

Core Viewpoint - The Pennant Group, Inc. has appointed Suzanne D. Snapper to its board of directors, enhancing its leadership with her extensive experience in financial management and healthcare services [1][2][3]. Company Overview - The Pennant Group, Inc. operates as a holding company for independent subsidiaries providing healthcare services through 137 home health and hospice agencies and 60 senior living communities across various states in the U.S. [5]. Leadership Changes - Suzanne D. Snapper, currently the Chief Financial Officer of Ensign Group, Inc., has been elected to the board following the resignation of JoAnne Stringfield, who served from 2019 to 2025 [1][3][4]. - Snapper's appointment is effective as of May 16, 2025, and she will serve as a Class III director, eligible for reelection in 2028 [4]. Experience and Qualifications - Ms. Snapper has been with Ensign since 2009, overseeing multiple financial functions and has prior experience at KPMG from 1996 to 2007 [2]. - Her expertise is expected to bring significant value to Pennant, particularly in financial matters and investor relations [3].

MARKHAM, Ontario, May 15, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a "Common Share") for the month of May 2025, representing $0.936 per Common Share on an annualized basis. The dividend will be payable on June 13, 2025 to shareholders of record as at May 30, 2025. Sienna Senior Living Inc. (TSX:SIA) offers a full range of senior living options, including independent living, assisted l ...

Financial Data and Key Metrics Changes - The company's same store portfolio NOI grew by 19.3% year over year, while the acquisition portfolio NOI increased by 31.3% sequentially from Q4 2024, resulting in a total portfolio NOI growth of 37.6% year over year [7][8] - The average renewal rate increased by 6.6%, impacting nearly 70% of the resident base, supported by high resident satisfaction [8] - Total company occupancy improved by 100 basis points year over year to 84.7%, with a 7% increase in lead volume across the same store portfolio [9][10] Business Line Data and Key Metrics Changes - The repositioning portfolio was introduced for assets undergoing significant renovations, with five assets identified for strategic repositioning to capture a higher rate private pay customer base [12][25] - Same store revenues increased by $16 million or 7.4%, with 65% of the increased revenues flowing through to NOI, resulting in a same store NOI margin of 27.6%, a 280 basis point increase from the previous year [13][17] - The acquisition communities delivered a 31.3% NOI growth with a 26.3% NOI margin, reflecting strong sequential growth [15] Market Data and Key Metrics Changes - The company continues to expand its level of care revenues with a year-over-year increase of $1.8 million or 13.6% on its same store portfolio, driven by the adoption of a new software system for tracking clinical staff resources [18] - The company is focused on reducing its Medicaid exposure, currently at 9% of total revenue, by repositioning communities to align with a private pay model [25][26] Company Strategy and Development Direction - The company aims to drive community performance through tailored operating plans and detailed execution, with a focus on operational discipline to improve occupancy and margins [6][7] - The strategic inorganic growth plan remains on track, with two new acquisitions expected to close in Q2, reflecting a focus on deploying capital accretively [7][30] - The company is committed to maintaining a disciplined approach to capital allocation, targeting high-quality assets at a discount to replacement cost [27][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving $100 million of NOI based on 2024's pro forma NOI, with a successful annual rate increase campaign contributing to this growth [22][31] - The current investment landscape is characterized by liquidity-seeking sellers, providing a steady pipeline of attractive investment opportunities [26][30] Other Important Information - The company has invested in employee retention strategies, resulting in the lowest turnover percentage for a quarter since tracking began [10] - The total debt composition includes 61% fixed-rate debt, with a weighted average interest rate of 5.4% [21] Q&A Session Summary Question: Can you provide more details on the repositioning portfolio and timeline? - Management indicated that the repositioning portfolio represents an opportunity to invest in communities to align with a private pay model, with capital investments planned to enhance these assets [36][38] Question: Are there other assets that could be repositioned? - Management noted that the five identified assets are the most immediate opportunities, with no large-scale transitions expected in the near term [40] Question: Can you elaborate on the two acquisitions mentioned? - The acquisitions are in strong southern markets, consistent with previous purchases, and are expected to stabilize with low double-digit yields [42]