Ortelius Comments on Results of Brookdale Senior Living Inc. Annual Meeting of Stockholders

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07/16/2025 - 08:00 AM

Ortelius’ Public Campaign Has Driven Meaningful Change at Brookdale, Including the Dismissal of the Former CEO

Ortelius Remains Committed to Holding the Board and Management Accountable for Performance and Actions to Maximize Value for Stockholders

NEW YORK--(BUSINESS WIRE)-- Ortelius Advisors, L.P. (“Ortelius”) today issued the following statement in connection with its public campaign for change at Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”), and the Company’s Annual Meeting of Stockholders, which was held on July 11, 2025.

Peter DeSorcy, Managing Member of Ortelius, said:

“Ortelius’ campaign served as an important catalyst for change at Brookdale, meaningfully impacting the Company’s leadership and composition of the board of directors. We thank our fellow stockholders for their engagement with us to drive much-needed change, and the leading proxy advisory firms for recognizing the merit of our efforts.

Ortelius remains skeptical that the current Board has the right strategy, willingness, and ability to do what is necessary to maximize stockholder value, and is convinced that there is significant untapped value within Brookdale. For the Company, and the Board, this remains a critical moment. The right CEO needs to be hired quickly, and the Board must execute on its recent promises – including actions to improve operating and financial performance, enhance stockholder value, capitalize on the intrinsic value of the owned real estate, deliver sustained and compelling returns to stockholders, and reduce leverage.

Brookdale continues to be significantly undervalued, and a long-overdue turnaround is imperative. As a stockholder, Ortelius remains deeply invested in the Company’s future, and will closely monitor developments. Moreover, we will not hesitate to take further action to ensure that both the Board and management are held fully accountable for maximizing stockholder value."

About Ortelius Advisors, L.P.
Ortelius is a research-intensive, fundamental-based, activist-oriented alternative investment management firm focused on event-driven opportunities.