BRENTWOOD, Tenn., Dec. 30, 2014 /PRNewswire/ -- Brookdale
Senior Living Inc. (NYSE:BKD) today announced the appointment of
William G. Petty, Jr. to its Board
of Directors. Mr. Petty brings to Brookdale nearly 30 years of
experience in the healthcare services industry, as well as
extensive operational, investment and transactional experience in
the senior living industry, and a robust background in
finance. He is a founding partner of Beecken Petty O'Keefe
& Company, a private equity management firm specializing in the
healthcare industry. During his career, Mr. Petty has served
as a senior executive or as a director of several publicly-traded
and privately-held senior living companies.
"We are pleased to welcome Bill to our Board as an independent
director," said Jeffrey R. Leeds,
Brookdale's Chairman. "Bill has had a long, successful career
creating value as a private investor and as a public company
operating executive and board member. We look forward to many
valuable contributions from him as our Board and management team
continue to refine and execute our strategy for sustainable
growth."
Jackie Clegg, Chairman of the
Nominating and Corporate Governance Committee of Brookdale's Board,
added, "Bill's proven leadership in the senior living industry,
along with his expertise in finance and healthcare, led the
Committee to unanimously recommend his appointment to our
Board."
Mr. Petty's appointment is effective immediately for a term
scheduled to expire at the Company's 2016 Annual Meeting of
Shareholders. He has also been appointed to the Investment
Committee of the Board.
William G. Petty,
Jr.
Mr. Petty is a partner of Beecken Petty O'Keefe
& Company, a private equity management firm he co-founded in
1996, which currently has approximately $1.3
billion under management. Mr. Petty's prior leadership
experience includes service as Chairman of the Board of Directors
of Sunrise Senior Living, Inc. from January
2013 to April 2014; as Chief
Executive Officer of Alternative Living Services, Inc./Alterra
Healthcare Corporation from 1993 to 1996 and as its Chairman from
1993 to 2000; as Chairman, President and Chief Executive Officer of
Evergreen Healthcare, Inc. and as a director of that company's
publicly-traded successors (GranCare, Inc. and Mariner Health Care
Inc.); and as a director and member of the executive committee of
Forum Group, Inc. In 1985, he co-founded Omega Capital Ltd., a
private investment fund focused on the healthcare industry, which
formed Omega Healthcare Investors, Inc., a healthcare REIT, during
his tenure as managing director. In addition, he has served on
the boards of directors of several Beecken Petty portfolio
companies. Mr. Petty received a B.S. in Business
Administration from the University of
Illinois.
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 1,150 communities in 46
states and the ability to serve over 111,000 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.
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SOURCE Brookdale Senior Living Inc.