Brookdale has refinanced more than $300 million of its 2027 debt maturities. The company received a $344 million loan under a master credit facility agreement, and the financing was used to repay variable rate debt due September 2027 while increasing Brookdale’s liquidity, according to a press release issued Monday. The principal amount of the new […]
Brookdale
This article is part of your SHN+ subscription. It seems like value-based care is everywhere in senior living – but managing the risk and reaping the rewards is not as easy as it looks. In 2024, value-based care has become “somewhat of an amorphous term,” according to Kim Elliott, senior vice president and chief nursing […]
Transactions SRG acquires acquires Los Angeles community Senior Resource Group announced on Oct. 1 it acquired Fountainview at Gonda in Playa Vista. The community was previously owned and operated by Los Angeles Jewish Health, according to a press release. Following the acquisition, the community has been renamed to Avocet Playa Vista. Avocet Playa Vista offers […]
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This story is part of your SHN+ subscription Today’s senior living industry has a problem: Too many operators villainize their capital partners while at the same time, investors must seek a deeper understanding of the current operating environment. That’s the view of The Springs Living CEO Fee Stubblefield, who shares this and other candid assessments […]
Brookdale (NYSE: BKD) is in the process of rolling out its HealthPlus to more than 80 additional communities throughout this year. The implementation of the program will have an outsized impact on memory care, according to Kim Elliott, senior vice president and chief nursing officer at Brookdale. Brookdale has deployed HealthPlus in about 50 communities […]
Occupancy and revenue gains pushed Brookdale Senior Living’s (NYSE: BKD) operating margins closer to pre-pandemic totals in the first quarter of this year, with CEO Cindy Baier noting the company is seeing its “highest reported adjusted margin rate since the initial impact of the pandemic.” The Brentwood, Tennessee-based senior living operator is building on the […]
This article is available as part of your SHN+ membership Industry heavyweights Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: BKD) have now reported their Q423 and full-year results, and some themes and trends have emerged. The news is generally positive for the state of the industry, with leaders from all three companies zeroing […]
Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]
This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]
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