Report: Brookdale in talks to be acquired by Chinese firm for $3 billion
By
Lois A. Bowers
Jun 14, 2017
Brookdale Senior Living is in negotiations to be acquired for $3 billion by Chinese real estate development and holding company Zhonghong Zhuoye Group Co Ltd., Reuters reported Tuesday, citing “people...
Brookdale should manage properties, not own them, shareholder says
By
Lois A. Bowers
Dec 20, 2016
Brookdale Senior Living should sell the real estate it owns, distribute the proceeds to shareholders and convert existing leases to management contracts, an investor recommended in a letter sent to fellow...
Brookdale takes legal action against former workers, competitor
By
Lois A. Bowers
Nov 02, 2016
Brookdale Senior Living is taking legal action against several former workers and their current employer over possible illegal actions that are affecting the company’s bottom line.
Brookdale road test of turnaround strategy leads to ‘renewed focus,’ CEO says
By
Lois A. Bowers
Aug 08, 2018
Recent visits that saw approximately 20 members of the company’s senior leadership team work in Brookdale Senior Living communities across the country affirmed that the company is on the right track...
Court revives $35 million False Claims Act lawsuit against Brookdale
By
Lois A. Bowers
Jun 12, 2018
The 6th Circuit Court of Appeals on Monday reversed a federal court’s dismissal of a “whistleblower” lawsuit brought by a former Brookdale Senior Living employee who accused the company...
Brookdale’s $4 billion acquisition on hold: report
By
Lois A. Bowers
Aug 07, 2017
Brookdale Senior Living’s talks to be acquired by Beijing-based Zhonghong Zhuoye Group Co. Ltd. have stalled because Chinese regulatory officials are more carefully scrutinizing overseas investments...
Lack of medication leads to death of resident with dementia, lawsuit maintains
By
Lois A. Bowers
Apr 30, 2017
Staff members at a Florida senior living community failed to give medication to a resident with Alzheimer’s disease for eight days, which ultimately led to her death, the woman’s daughter maintains...
Lawsuit accuses Brookdale of ‘dumping’ residents of 10 CCRCs
By
Lois A. Bowers
Dec 06, 2018
A lawsuit filed Wednesday in California accuses Brookdale Senior Living of “dumping their poorest, neediest and most vulnerable residents” at 10 continuing care retirement communities in the state...
Activist shareholder criticizes Brookdale Senior Living performance, board days before earnings call
By
Lois A. Bowers
Jul 31, 2019
One week before Brookdale Senior Living’s second-quarter earnings call, activist shareholder Land & Buildings issued another open letter to fellow shareholders on Tuesday, saying the country’s largest...
Competition, labor issues continue to challenge Brookdale
By
Lois A. Bowers
Feb 14, 2017
Wage pressure and community openings by competitors continued to challenge Brookdale Senior Living as 2016 came to a close and will continue to do so in 2017, company executives told analysts participating...