Two of the country’s largest senior living providers have completed the $2.8 billion merger deal that will make them the largest senior living provider in the nation. Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. (NYSE: ESC) announced today the completion of the merger between the two companies that will create what the company […]
Brookdale Senior Living
Senior living providers are finding that no longer does a computer lab satisfy the requirements of tech-savvy residents. Increasingly, the onset of tech use among residents in their 70s, 80s and 90s is pushing communities well beyond simply providing devices and an internet connection they can access in common areas. That means wifi throughout the […]
Long heralded as The Gateway to the West, St. Louis in recent years has primed itself for a senior housing land rush as developers pour into the state looking to capitalize on changes to the Missouri’s Certificate of Need (CON) laws. Developers are investing millions into projects currently in the works for the St. Louis […]
An employee at a Florida assisted living community is under investigation after authorities charged her with neglect for not dialing 911 in response to a resident’s distress, local CBS News Tampa-Sarasota reports. The Florida Attorney General’s Office is leading the investigation of Rachel Mobley, 22, a current employee at Grace Manor at Lake Morton in […]
Brookdale Senior Living, which is under agreement to merge with Emeritus Senior Living, announced today via its local Tennessee government that it will be expanding substantially in its Nashville-area headquarters. The corporate expansion will include a $2.1 million investment and the addition of 162 new jobs over the next five years, the company says. Its […]
Multi-billion deals this week amid rumors of a recent bidding war between several active health care real estate investment trusts (REITs) in the senior living space has set the stage for various speculation as to who will emerge the top owner in the industry, but one chief executive is clearing the air of his company’s […]
Following two blockbuster deals Monday totaling a value of $3.5 billion, Ventas, Inc. (NYSE:VTR) will surpass competitor Health Care REIT (NYSE:HCN) as the largest healthcare real estate investment trust in the country. Monday’s $2.6 billion announced acquisition of American Realty Capital Healthcare Trust (NASDAQ:HCT) and the $900 million agreement to acquire Holiday Retirement’s Canadian senior […]
Brookdale Senior Living is continuing in its recent initiative to change its community names to better reflect its growing brand presence in the senior care market. Following the name changes of 16 Houston-area communities in May, the company announced last week it is changing the names of 18 Chicago-area communities, starting with its campus formerly […]
In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]
Fortress Investment Group is unloading more than 19 million shares of Brookdale (NYSE: BKD) stock, almost its entire stake in the company, through an underwritten public offering announced Tuesday. The offering of 19.4 million shares, later priced at $33 per share, is being underwritten by certain Fortress affiliates, Brookdale stated in a press release. Based on today’s current […]