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 […]
Brookdale Senior Living
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 […]
Brookdale Senior Living’s (NYSE:BKD) acquisition of Emeritus Corp. (NYSE:ESC) may have averted a mega-merger between two real estate investment trusts (REITs) also vying to acquire the combined company, according to a proxy statement on the merger released Friday. Prior to the February merger announcement with Brookdale, Emeritus entertained four potential buyers in August 2013 believed […]
Most of the major healthcare-focused real estate investment trusts have utilized the RIDEA structure for at least some of their deals in the seven or so years it’s been available, but the structure bears risks as well as reward, warns a law firm in a recent blog post. HCP is the latest major REIT to […]
In the spirit of the Memorial Day weekend, Senior Housing News is taking a break from its regular posting schedule and will resume our daily emails on Tuesday, May 27. While we’re gone—and in case you missed them the first time around—here are the leading headlines from our most popular posts this week: 1. CEO: […]
Despite hot spots for new construction in certain areas nationwide, Brookdale Senior Living is prepared to handle new senior living projects getting developed close to one of its existing communities, but overall isn’t too concerned about the new development scene. “We’re relatively sanguine on construction,” said Andy Smith, CEO, during a presentation at the 2014 […]
From the onslaught of senior living searchers whose first stop is Google, to preparing for a merger that will create the largest brand ever seen in the industry, providers say they are making some adjustments in the way they are positioning themselves for the future of senior living. This includes the rise of national competitors in a […]
Competition in the senior housing and healthcare space has remained hot and heavy with few signs of letting up, but real estate investment trusts focused on the space still believe they’ll have plenty of opportunities for continued growth. The senior housing M&A environment is “very competitive,” Justin Hutchens, CEO of Murfreesboro, Tenn-based National Health […]
With two major deals under way that will expand Brookdale Senior Living’s (NYSE:BKD) footprint well beyond its current reach, the company says it is aiming to be the one and only nationwide senior living brand in the years to come. Brookdale and Emeritus Corp. (NYSE:ESC), announced a $2.8 billion deal in February that brings the […]
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