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Fosun International discloses 5.11% stake in Brookdale

China-based finance and industrial conglomerate Fosun International Ltd. reported beneficial ownership of a 5.11% stake in Brookdale Senior Living Inc.

The stake represents 9,526,183 common shares, with shared voting and dispositive power. It was calculated based on the senior living facility operator's 186,572,921 common shares outstanding as of Feb. 20, according to a March 23 ownership filing.