Brookdale Acquires 12 Senior Living Communities for $162.1 Million

Brookdale Senior Living Inc. (NYSE:BKD) announced Tuesday it has recently completed the acquisition of 12 senior living communities for $162.1 million plus customary transaction expenses.  The communities, which have a total of 871 units, had previously been operated by Brookdale under long-term leases. Eleven of the communities were acquired under purchase options that had become […]

Repositioning Projects Grabbing More Senior Living Capital Than Development

Despite chatter about development, many senior living industry giants seem to be focusing more on repositioning, renovating, and rebranding their communities than on building new ones. Brookdale Senior Living spent $7.9 million of net cash in the third quarter as part of its multi-million Program Max initiative to expand, redevelop, and reposition many of its […]

Brookdale Considers Seeking REIT Buyer, Names Biggest Competitor

Brookdale Senior Living (NYSE:BKD) is considering options for structuring the company going forward, including the possibility of being bought out by a real estate investment trust, executives said during the Stephens Fall Investment Conference held last week in New York. As the largest national senior living provider, Brookdale operates about 67,000 units and owns 22,000 of […]

Senior Care Tech Review: Radio Frequency’s Role in Memory Care Communities

Radio frequency: It’s not just for tracking packages, evidently, as one memory care provider plans to use this technology to help care for residents and eliminate the need for “policing,” writes a Herald-Tribune article. In other senior care-related technology news, Brookdale Senior Living is rolling out Connected Living’s senior social platform in its communities, while […]

Brookdale Loses $12 Million in Q3 Despite Record Number of CCRC Sales

Brookdale Senior Living (NYSE:BKD) reported a net loss of $12 million, or $(0.10) per diluted common share, in the third quarter ended Sept. 30, 2012, despite the company’s entrance fee CCRCs producing a record number of independent living sales. “We were pleased with our overall performance in the third quarter,” said Bill Sheriff, Brookdale’s CEO, […]

Old Rules Don’t Match Up with New Healthcare Reform Initiatives for Assisted Living

America’s health system is increasingly moving toward a managed care model that emphasizes cost-effective, quality care and plenty of choice for older adults’ living options, including community-based settings. But some states’ assisted living regulations can be restrictive, worrying providers in those areas about their ability to participate in various healthcare reform initiatives, such as care […]