This article is part of your SHN+ subscription As revenue grows and operators claw back margins this year, senior living operators hold a favorable outlook for the sector’s path ahead. This optimism has come through in recently released survey data, as well as in conversations I’ve had with industry leaders – and in a bullish […]
Jefferies
Brookdale Senior Living (NYSE: BKD) held on to recent occupancy gains in the first quarter of this year as the company faces headwinds from rising operating expenses and continued staffing challenges. Brentwood, Tennessee-based Brookdale — the nation’s largest senior living operator with 679 communities — reported more than 2,000 move-ins during March, totaling the highest […]
Faced with ongoing financial pressures exacerbated by Covid-19, Brookdale Senior Living (NYSE: BKD) reportedly is considering divesting its home health and hospice segments in order to shore up its liquidity. The Brentwood, Tennessee-based senior living provider is in early discussions about a possible sale, and is being provided with sell-side advice from Bank of America, […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier sees a real issue with the lack of middle-market senior living options for residents — she’s just not sure whether her company is going to compete in a big way for this consumer base. “I don’t know Brookdale will ultimately play in that space,” Baier said during […]
Brookdale Senior Living (NYSE: BKD) is continuing to make headway with its real estate investment trust (REIT) partners as it shrinks its portfolio and re-balances from leased properties toward owned assets. Brentwood, Tennessee-based Brookdale is the nation’s largest senior housing company, with a total portfolio of about 1,010 communities. The goal is to reduce that […]
The acquisition of Brookdale Senior Living (NYSE: BKD) by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd has reportedly stalled, according to the Financial Times. The deal could fetch as much as $4 billion for the Brentwood, Tennessee-based senior living provider, although analysts have long speculated on the total value of the company’s […]
Brookdale Senior Living (NYSE: BKD) shares were up Tuesday after the company seemed to get a handle on its operations in the first quarter. Meanwhile, speculation continued that the company may be considering selling itself in whole or part, and some observers believe a Chinese firm is currently the most likely buyer. Rumors have been circulating since the […]
After months of speculation surrounding who may or may not purchase Brookdale Senior Living (NYSE: BKD), the probability of a sale between now and year-end is greater than 50%, investment banking firm Jefferies predicted in a report Monday. “We are upgrading BKD given our view that the stock’s recent pullback has significantly improved its risk-reward profile,” the […]
When Omega Healthcare Investors (NYSE: OHI) announced that it would be acquiring Aviv REIT (NYSE: AVIV) in 2014, CEO Taylor Pickett described the combined company as the “premier pure-play skilled nursing REIT.” Today, skilled nursing still accounts for the vast majority of the REIT’s roughly 900 properties, but “pure play” may become a stretch as the […]
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