BRENTWOOD, Tenn., Sept. 28, 2015 /PRNewswire/ -- Brookdale Senior
Living Inc. (NYSE: BKD) today announced that its Board of Directors
has appointed Daniel A. Decker as a
Class I director and as the Non-Executive Chairman of the Board,
effective October 1, 2015. Mr.
Decker will fill the vacancy on the Board resulting from the recent
passing of Granger Cobb.
Mr. Decker has been investing in the senior living industry for
more than 20 years. During that period, he has been involved in the
investment, through one private and four public companies, of
approximately $2.5 billion of assets
across a spectrum of independent living, assisted living, memory
care, and skilled nursing communities and operations. His
recent investments include joining with KKR and Beecken Petty
O'Keefe & Company to acquire the operations of Sunrise Senior
Living in 2013. During his career, Mr. Decker has served on
the boards of several REITs and senior housing companies, including
Omega Healthcare Investors, Inc. (where he served as Executive
Chairman and then as Chairman of the Board), Sentio Healthcare
Properties, Inc., Health Care REIT, Inc. and Forum Group, Inc.
"Dan is a wonderful addition to the Board, and we are excited to
welcome him to lead our Board and to advise and counsel Brookdale's
management team as we continue to refine and execute our strategy
to create shareholder value," said Jeffrey
R. Leeds, Non-Executive Chairman of the Board of Directors
of Brookdale. "Dan is a demonstrated leader and has been a
successful investor in the senior housing industry for many
years. We look forward to benefiting from his significant
industry experience and insight."
Mr. Decker will succeed Mr. Leeds as Non-Executive Chairman of
the Board. Mr. Leeds has served in such role since 2012 and
will continue to serve as an independent director. "Jeff has
been a vital member of the Board for nearly a decade, and as
Chairman for the past three years has been a thoughtful and
cohesive leader," said T. Andrew
Smith, Brookdale's CEO. "On behalf of the Board, I
thank Jeff for his many contributions, and we certainly look
forward to his continued service and influence on the Board."
Daniel A. Decker
Mr. Decker is the President and owner of CoastWood Senior
Housing Partners, LLC, an investment firm specializing in seniors
housing and related services, which he founded in 2006. In
January 2013, CoastWood joined with
KKR and Beecken Petty O'Keefe & Company to acquire the
operations of Sunrise Senior Living, one of the leading operators
of assisted living properties in the United States. The group
sold its interest in Sunrise in 2014. Prior to forming
CoastWood, Mr. Decker was a partner from 1990 to 2006 at The
Hampstead Group, LLC, a private equity firm with a focus on real
estate related, operating intensive businesses such as lodging and
seniors housing. Mr. Decker was an attorney at the law firm
of Decker, Hardt, Kopf, Harr, Munsch & Dinan (now known as
Munsch Hardt Kopf & Harr, P.C.) from 1985 to 1990, which he
co-founded in 1985, and was an attorney at Winstead PC from 1980 to
1985.
Mr. Decker served on the Boards of Directors of Sentio
Healthcare Properties, Inc. (a public, non-listed REIT) from
March 2013 until September 2015, during which time he served as a
member of the Investment Committee, and Health Care REIT, Inc. from
October 2011 until August 2012, during which time he served as a
member of the Audit, Investment, Nominating/Corporate Governance
and Planning Committees. Mr. Decker earned his Bachelor of Science
in Business Administration degree in economics from the
University of Missouri-Columbia, and
his J.D. from the University of
Missouri-Kansas City.
About Brookdale Senior Living
Brookdale Senior Living Inc. is the leading operator of senior
living communities throughout the United States. The Company
is committed to providing senior living solutions primarily within
properties that are designed, purpose-built and operated to provide
the highest-quality service, care and living accommodations for
residents. Currently Brookdale operates independent living,
assisted living, and dementia-care communities and continuing care
retirement centers, with approximately 1,135 communities in 47
states and the ability to serve approximately 110,000
residents. Through its ancillary services program, the
Company also offers a range of outpatient therapy, home health,
personalized living and hospice services. Brookdale's stock
is traded on the New York Stock Exchange under the ticker symbol
BKD.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/brookdale-appoints-daniel-a-decker-as-a-director-and-as-non-executive-chairman-of-the-board-300150287.html
SOURCE Brookdale Senior Living Inc.