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Brookdale Shakeup, Five Star Takes More Heat

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March 2, 2016

[Update] Brookdale President to Step Down in Latest Executive Shakeup

Brookdale Senior Living (NYSE: BKD) announced today that Mark Ohlendorf, the company’s president, and Kristin Ferge, the company’s executive vice president and former chief accounting officer and treasurer, will step down in the coming weeks. The company’s CEO, Andy Smith, will assume the role of…Read More »

    

Senior Star Intensifies Push for Five Star to Sell Portfolio

Senior Star has doubled down on its calls for Five Star Quality Care Inc. (NYSE: FVE) to sell its 33 owned assets for $325 million as a means to unlock the company’s intrinsic value. On March 1, Tulsa, Oklahoma-based Senior Star issued a 7-page letter of concern…Read More »

    
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NorthStar Asset Management Slams Activist Shareholder

Just weeks after an activist shareholder pushed a major senior housing asset management firm, the company has fired back, calling the “attention-grabbing” tactic “ill-conceived” and a distraction. NorthStar Asset Management (NYSE: NSAM) was put under pressure at the start of 2016 after shareholder Jonathan Litt, founder and chief…Read More »


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