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The company was founded in 1993, and was acquired by Brookdale Senior Living (the largest company in the industry at the time [1]) in July 2014 after a $23 million punitive damages award against it in a civil lawsuit in 2013.
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The CDFE, now the California Civil Rights Department (CRD), and Activision Blizzard announced they had settled the lawsuit on December 15, 2023, pending court approval. As part of the settlement, Activision Blizzard will set aside $54 million, with $47 million to deal with pay and promotion inequalities against female employees, and will bring ...
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This included spending $530 million buying assets from Belmont Village Senior Living and $240 million on a property portfolio from Brookdale Senior Living. [11] On January 8, 2013, the company acquired nearly all the real estate assets of Sunrise Senior Living in a transaction valued at $4.3 billion. Sunrise owned 125 properties in large urban ...
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