Starboard Value presses Healthcare Realty Trust for value increase via management change or merger.

Starboard Value, an activist investor with a 5.9% stake in Healthcare Realty Trust (HRT), suggests two paths to increase value: remaining a standalone entity with a new CEO and board refresh, or merging with larger firms like Welltower, Healthpeak, or Ventas. The recent $18 billion merger with Healthcare Trust of America did not meet shareholder expectations. Starboard has until December 10th to potentially nominate directors if a settlement isn't reached.

3 months ago
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