Ventas Denies Being in Buyout Talks with Brookdale

Chicago-based Ventas Inc. (NYSE: VTR) is not in talks to buy Brookdale Senior Living (NYSE: BKD), the real estate investment trust (REIT) said in a presentation posted on the company’s website Monday morning.

“Brookdale is an important tenant, and Ventas is, and expects to continue to be, in regular discussion with Brookdale on a variety of subjects,” the presentation reads. “However, Ventas is not currently in talks to buy Brookdale as reported in the press.”

The presentation was posted prior to Ventas’ scheduled appearance at the Citi 2017 Global Property in Hollywood, Florida, on March 7, 2017.


Several entities have been floated as potential buyers of Brookdale, which has faced operational challenges and a major refocus recently.

Following reports that private equity firm Blackstone Group was no longer interested in acquiring Brookdale, Ventas was rumored as the next potential buyer, according to The Wall Street Journal.

Brookdale’s stock took a hit in morning trading Monday, falling nearly 6% following the publication of Ventas’ presentation.


Count HCP Out, Too

Brookdale likely doesn’t have a buyer in HCP Inc. (NYSE: HCP), either.

In fact, the Irvine, California-based health care REIT is currently looking to reduce its concentration of Brookdale, CEO Thomas Herzog said during a Monday presentation at Citi’s 2017 Global Property CEO Conference. Acquiring Brookdale wouldn’t help the REIT achieve that goal, he noted.

Still, Brookdale has been a “very important partner” for HCP “in a variety of ways,” Herzog said.

“As we go forward, whether it’s working with Brookdale or someone that has stood in their place, either way we think we could have some positive outcomes,” he concluded.

Written by Amy Baxter

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