Following months of buyout speculation, Brookdale Senior Living (NYSE: BKD) is now in acquisition talks with a Chinese firm that has offered $3 billion to purchase the largest U.S. senior living provider, according to a Tuesday report by Reuters. Financial Times then followed up with a Wednesday report that Brookdale could fetch more than $4 billion […]
Brookdale Senior Living
Following several blockbuster transactions in recent years, senior housing deal volume has begun to decelerate—and buyers are finally wisening up to the ideal sizes their companies aspire to. Specifically, various headwinds have caused assisted living deal volume to slow in recent months, but current valuations remain “really strong,” according to experts who spoke at the […]
Happy Monday, Senior Housing News readers! Here are some must-read stories to start your week, with some feel-good ones thrown in for good measure: Brookdale Senior Living (NYSE: BKD) is progressing toward having a more market-specific pricing method for its communities. HCR ManorCare and Quality Care Properties (NYSE: QCP) faced a one-two punch of bad […]
Senior living communities across the country celebrated Mother’s Day on Sunday, with teas, fundraisers, and even more creative events. This year, Mother’s Day came after a big news week for the industry, led by a $7.4 billion merger. Also making headlines, Brookdale Senior Living (NYSE: BKD) had its best quarter in a while from an […]
Continuing care retirement communities (CCRCs) have been around for a long time, with their roots in religious organizations, but the for-profit operating model of today presents specific challenges and opportunities. Current CCRC leaders might sometimes feel like they’re in the “space shuttle business” or fighting a perception that they’re operating a “dinosaur product.” To learn why, check out this roundup of […]
Brookdale Senior Living (NYSE: BKD) shares were up Tuesday after the company seemed to get a handle on its operations in the first quarter. Meanwhile, speculation continued that the company may be considering selling itself in whole or part, and some observers believe a Chinese firm is currently the most likely buyer. Rumors have been circulating since the […]
Brookdale Senior Living (NYSE: BKD), the nation’s largest senior housing provider, recorded a net loss of $126.4 million for the first quarter of 2017—more than double the $48.8 million loss it posted this time last year. The spike was due largely to $20.7 million of impairment charges, mostly related to the company’s transaction with private equity firm Blackstone […]
The buzzword “company culture” is not new to the senior living industry, but Watercrest Senior Living is renewing its investment in the concept with its first-ever chief operating officer. Watercrest, which owns and operates three assisted living and memory care communities in Florida and also offers development and project management services, prides itself on a strong culture, but […]
Blackstone Buys Two Denver Communities for $27 Million The Blackstone Group, a New York-based private equity firm, purchased two senior living communities southeast of Denver as part of a billion-dollar deal to buy 64 Brookdale Senior Living (NYSE: BKD) properties, announced in late March. The two communities, located in Arapahoe County, were purchased for more […]
Happy Monday! Tax Day is tomorrow—but we’re sure you already knew that. To avoid thinking about it, here’s a recap of what we covered last week: The senior housing industry dealt with an unfortunate combination of high supply and low demand in early 2017—with the result being the lowest occupancy rate since mid-2013. It seems […]
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