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Brookdale's Board Reminds Shareholders to Vote the BLUE Proxy Card "FOR" ONLY Brookdale's Eight Superior and Highly Qualified Director Nominees Ahead of this Friday's Annual Meeting
Prnewswire· 2025-07-08 11:20
Core Viewpoint - Brookdale Senior Living Inc. is urging shareholders to vote for its nominated directors, emphasizing that the current board's strategy is effectively driving shareholder value and operational momentum [1][3][11]. Financial Performance - In June, Brookdale achieved an 81.1% same community weighted average occupancy, with a month-end occupancy of 82.8%, indicating strong demand and sales execution [2]. - The second quarter weighted average consolidated occupancy was 80.1%, marking a significant milestone for cash flow growth [2]. - Since 2022, Brookdale has renegotiated leases for approximately 250 communities and reduced the number of leased units by 19% since Q1 2021, with plans to decrease its community portfolio to less than 600 by year-end 2025 from over 1,000 in 2017 [7]. Board Composition and Strategy - Brookdale's board consists of eight highly qualified directors, seven of whom are independent, with an average tenure of less than four years, ensuring a mix of skills critical for the company's growth [5][4]. - The board is actively engaged in a CEO search process, supported by an independent search firm, to find a candidate with the necessary experience in senior living, healthcare, hospitality, and real estate [6]. Shareholder Engagement - The company has made efforts to engage with Ortelius Advisors to avoid a proxy contest, but Ortelius has not engaged constructively [10]. - Brookdale emphasizes the importance of every shareholder vote and urges them to disregard any opposing proxy cards from Ortelius [12][11]. Competitive Positioning - Brookdale's operational improvements and strategic initiatives have positioned it to outperform peers in key metrics such as consolidated RevPAR, operating income per available unit, and adjusted EBITDA margin compared to 2019 [7]. - The company highlights that Ortelius lacks understanding of its business model and has proposed a flawed plan that could jeopardize Brookdale's progress [3][8].
Sienna Announces Second Quarter 2025 Results Release Date and Conference Call
Globenewswire· 2025-07-03 20:10
MARKHAM, Ontario, July 03, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) announced that it will report its 2025 second quarter results after market close on Tuesday, August 12, 2025. Nitin Jain, President and Chief Executive Officer, and David Hung, Chief Financial Officer and Executive Vice President, Investments, will host a conference call for the investment community the following day, Wednesday, August 13, 2025 at 10:00 a.m. (ET). The toll-free dial-in number ...
Maplewood Senior Living Strengthens Leadership Team Across Its Maplewood and Inspīr Brands to Support Strategic Growth and Future Innovation
Prnewswire· 2025-06-24 14:07
Accessibility StatementSkip Navigation Operating two distinct brands—Maplewood Senior Living, known for its warm, neighborhood-based communities throughout the Northeast and Midwest, and Inspīr, its ultra-luxury brand located in premier urban markets—Maplewood is aligning its leadership to meet the evolving needs of today's older adults across both settings. These advancements underscore Maplewood's enduring commitment to personalized care, hospitality-driven service, and operational excellence—delivered t ...
Sienna Senior Living Expands in the Greater Toronto Area
Globenewswire· 2025-06-23 12:30
MARKHAM, Ontario, June 23, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) announced today that it has entered into a purchase agreement to acquire Credit River Retirement Residence, a 133-suite retirement residence consisting of 84 independent living (IL), 25 assisted living (AL), and 24 memory care (MC) units in Streetsville, Ontario (“Acquisition”), located within the Greater Toronto Area (“GTA”). Built in 2016, the six-storey Class A property offers attractive a ...
Brookdale Files Investor Presentation Highlighting Board's Effective Oversight of Clear, Compelling Strategy to Deliver Long-Term Shareholder Value
Prnewswire· 2025-06-11 20:05
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 ...
Brookdale Reports May 2025 Occupancy
Prnewswire· 2025-06-09 20:15
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]
Sienna Senior Living Inc. Announces Results From Annual and Special Meeting
Globenewswire· 2025-05-29 13:54
MARKHAM, Ontario, May 29, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) is pleased to announce that it has received shareholder approval in respect of all resolutions to be voted upon at its Annual and Special Meeting of Shareholders held on May 28, 2025 (the “Meeting”). In particular, all nominees listed in the Company’s management information circular dated April 8, 2025 were elected as directors of the Company. The proxy voting results for each nominee are as f ...
Brookdale Showcases the Strength and Effectiveness of Current Board of Directors
Prnewswire· 2025-05-29 10:45
Refreshed Board Overseeing Successful Execution of Company's Strategy Ortelius' Candidates Bring No Additive Experience or InsightsUrges Shareholders to Vote "FOR" ONLY Brookdale's Eight Highly Qualified and Experienced Director Nominees on the BLUE Proxy CardNASHVILLE, Tenn., May 29, 2025 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced that it has mailed a letter to Brookdale shareholders in connection with its 2025 Annual Meeting of Stockholders (the ...
Brookdale Files Definitive Proxy Statement and Mails Letter to Shareholders
Prnewswire· 2025-05-15 10:45
Core Points - Brookdale Senior Living Inc. is urging shareholders to vote "FOR" its eight nominees listed on the BLUE proxy card in the upcoming 2025 Annual Meeting scheduled for July 11, 2025 [1][2] - The company has filed its definitive proxy statement with the SEC and launched a dedicated website for shareholder information [1][2] - The Board emphasizes its strategic initiatives aimed at enhancing shareholder value and highlights the poor engagement record of Pangaea Ventures, L.P., which seeks to replace six of the eight nominees [2][5] Company Strategy and Performance - The Board has implemented a clear strategy focused on streamlining operations, simplifying the business, and reducing leverage, resulting in a first quarter 2025 same community weighted average occupancy rate of 80% [4][10] - Brookdale's 2025 financial guidance has been raised, with RevPAR growth expectations adjusted from 4.75%-5.75% to 5.00%-5.75% and Adjusted EBITDA guidance increased from $430 million - $445 million to $440 million - $450 million [10][11] - The company is positioned to capitalize on demographic trends, with over one million seniors turning 80 each year through 2036, while new construction of senior housing remains low [14][15] Board Composition and Governance - The Board has undergone significant refreshment, with an average tenure of less than four years expected post-Annual Meeting, and has appointed two new independent directors with extensive industry experience [18][19][20] - The Board is committed to good governance, including a review of director tenure and performance-based long-term incentive awards in response to shareholder feedback [21][22] - The Board's proactive engagement with shareholders and efforts to maintain a constructive dialogue with Ortelius are highlighted, despite Ortelius's poor engagement record [22][26] Market Position and Future Outlook - Brookdale's portfolio is strategically focused on assisted living and memory care services, which are expected to yield higher margins due to the aging baby boomer demographic [15][16] - The company anticipates that returning to a pre-pandemic weighted average occupancy rate of 84.5% could generate approximately $170 million in incremental revenue and $125 million in incremental operating income [12] - Brookdale is well-positioned to address the growing demand for senior living services, with a needs-based product mix that caters to an older population facing chronic conditions [13][15]
Brookdale Announces Details of First Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-04-22 20:15
Core Viewpoint - Brookdale Senior Living Inc. is set to release its first quarter 2025 financial results on May 6, 2025, followed by a conference call on May 7, 2025, to discuss these results [1][2]. Company Overview - Brookdale Senior Living Inc. operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of March 31, 2025 [4]. - The company focuses on enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service, offering independent living, assisted living, memory care, and continuing care retirement communities [4]. - Brookdale aims to create opportunities for wellness, personal growth, and meaningful relationships in environments that feel like home, guided by its core values of passion, courage, partnership, and trust [4].