NEWTON, Mass. — Barry Portnoy, the founder and chairman of The RMR Group, has passed away at age 72. The cause of death was not disclosed.
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NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD), the largest owner and operator of seniors housing in the United States, has promoted Lucinda “Cindy” Baier from chief financial officer to chief executive officer. Simultaneously, the company announced it had rejected an acquisition offer from an undisclosed buyer for $9 per share.