by Justin Hutchens It’s extraordinarily sad to mourn the loss of Granger. I know I speak for thousands across the senior living industry when I say that Granger Cobb will be missed dearly. His genuine passion for people, empowering leadership and vision to be a premiere provider of care to seniors across the country had […]
Emeritus
Following a year that brought blockbuster acquisitions and record-breaking deal volume, this year’s ranking of the largest senior living providers reflects the growth and consolidation of the top players in the market. Notably, the biggest change in the list is the merging of Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. […]
A new entrant in the high-end senior living development space plans to rapidly become a major player in some of the nation’s most competitive markets, thanks to the leadership of an industry veteran and the resources of a long-established multifamily housing company. Alliance Residential Company — a national multifamily acquisitions, construction and management company with […]
Real estate investment trust HCP Inc. (NYSE: HCP) is undeterred by recent lackluster results from Brookdale Senior Living (NYSE: BKD), and is growing its continuing care retirement communities joint venture with the provider, company officials said in an earnings call Tuesday. A $1.2 billion strategic joint venture with Brookdale Senior Living (NYSE: BKD) was the […]
Sandell Asset Management Corp., a shareholder of Brookdale Senior Living (NYSE: BKD), is pushing the industry’s largest senior housing provider to spin off its real estate into a real estate investment trust (REIT). The New York-based firm today released a letter and a white paper to Brookdale, requesting the separation of the Brentwood, Tennessee-based provider’s […]
Big growth doesn’t come easy. Brookdale Senior Living (NYSE:BKD) knows all too well. After offering a preliminary glimpse into the company’s financials for the fourth quarter last week, Brookdale today released further insight into its performance, reiterating many of the same factors that have increased expenses and led to a 70 basis point drop in […]
As Brookdale Senior Living (NYSE: BKD) continues to work through its post-merger growing pains, the company has big plans to renovate more than 150 former Emeritus communities this year. In its second earnings-related announcement since completing the $2.8 billion merger with Emeritus, Brookdale today reported its anticipated preliminary financial results for the fourth quarter ending December […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. Please note: SHN will be observing the Martin Luther King Jr. holiday on Monday, January 19. We will resume our daily news schedule on Tuesday, January 20. Wishing our readers a happy long weekend. Q&A: Emeritus Co-Founder […]
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
The senior housing industry’s first blockbuster merger might be complete, but the integration of Brookdale and Emeritus is creating significant challenges for the nation’s largest provider. In the first earnings release since its completion of a $2.8 billion merger with Emeritus and a $1.2 billion joint venture with HCP, Brookdale Senior Living (NYSE: BKD) says the […]
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