Ortelius Advisors, L.P. has announced significant management changes at Brookdale Senior Living Inc. by nominating six new directors to the Board. The move comes after concerns over the current Board's judgement and decision-making abilities, following years of poor performance and stockholder value decline. Ortelius aims to implement a strategy that differs from Brookdale's current plans, focusing on restoring accountability and generating substantial value for stockholders. The nominations will be voted on at the Annual Meeting of Stockholders on July 11, 2025.
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