Ortelius Advisors issues letter to Brookdale Senior Living shareholders

Ortelius Advisors announced that the six highly qualified individuals nominated by Ortelius for election to the Board of Directors of Brookdale Senior Living (BKD) at the upcoming 2025 Annual Meeting of Stockholders released a joint letter to Brookdale stockholders. “The time for timid action has long since passed. Incrementalism won’t fix Brookdale’s problems. You deserve a Board that will act decisively and with a sense of urgency to improve property performance, rationalize the portfolio, deal with the looming debt maturities, improve liquidity and cash flow, and regain the confidence of shareholders… Together, we are standing for election as the independent nominees of Ortelius running against Brookdale’s incumbent directors because we believe that under the decisive leadership and oversight of an experienced and independent Board, Brookdale can unlock its intrinsic value and build long-term value for all stockholders. If elected, we will immediately begin implementing our turnaround plan for Brookdale, which is focused on three critical initiatives: Restoring Board Accountability and Recruiting the Next CEO, Rationalizing the Portfolio and Optimizing the Platform, Rightsizing the Balance Sheet.”