Brookdale Appoints Mark Parrell and Lee Wielansky to Board Of Directors with Sandell Approval

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has appointed of Mark J. Parrell and Lee S. Wielansky to its board of directors as Class III directors.  The two appointees were selected with approval of Sandell Asset Management Corp., a shareholder group within the company that was pushing for changes on the board and for Brookdale to spin off its real estate portfolio into a REIT.

ALFA Forms Independent Credentialing Organization

ALEXANDRIA, Va. — The Assisted Living Federation of America (ALFA), a seniors housing advocacy group, will establish a separate, independent credentialing organization to operate and govern industry certification and certificate programs.

Ventas to Acquire Ardent Health Services for $1.75B, Spin Off Skilled Nursing Portfolio

CHICAGO — Ventas Inc. (NYSE: VTR), a seniors housing and healthcare REIT, has signed a definitive agreement to acquire Ardent Medical Services Inc. for $1.75 billion in cash. Ardent Medical, a subsidiary of Nashville-based Ardent Health Services, is one of the 10 largest for-profit hospital firms in the United States. The privately owned Ardent Medical will be entitled to distribute up to $75 million in excess cash to its existing shareholders as part of the transaction.

Aging2.0 Launches New Membership Community

SAN FRANCISCO — Aging2.0, an international organization working to improve technology that supports seniors, has launched the Aging2.0 Alliance, a new membership community for senior care stakeholders and technology companies. The announcement was made at the 2015 National Investment Center (NIC) Capital and Business Strategies Forum in San Diego. 

AdCare Shakes Up Board of Directors, Continues Shift Away from Operations

ATLANTA— AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a provider of senior living and healthcare facility management, continues its transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, with 35 of the company's 40 properties leased or sub-leased. As a result, the company’s board of directors declared a cash dividend on the common stock. The company also announced changes to the board of directors and a the hiring of a new chief financial officer.

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