A Chinese international conglomerate and investment company has joined a small group of shareholders that own a 5% or greater stake in Brookdale Senior Living (NYSE: BKD). Shanghai, China-based Fosun International Limited recently reported a 5.11% stake in the Brentwood, Tennessee-based senior housing giant, joining six other companies—Glenview Capital Management, The Vanguard Group, BlackRock Inc., Senator Investment […]
Zhonghong Zhuoye Group Co Ltd
Talks for a rumored acquisition of Brookdale Senior Living (NYSE: BKD) with a Chinese bidder are over, according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations ended without a […]
Happy Monday, Senior Housing News readers! Did you have an especially busy weekend? One where you didn’t even leave your house? No matter how you spent the past two days, we’re here to fill you in on of all of last week’s senior housing industry news. Also, be sure to check out the “Also in […]
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 […]
Global private equity firms have been having a field day lately, making big investments in senior housing in the United States and other nations. Both China-based Cindat Capital Management and New York-based Blackstone Group (NYSE: BX), for instance, have placed bids for a 50% stake in the senior housing business of Sydney, Australia-based LendLease Group, Bloomberg […]
Following months of buyout speculation, Brookdale Senior Living (NYSE: BKD) is now in acquisition talks with a Chinese firm that has offered $3 billion to purchase the largest U.S. senior living provider, according to a Tuesday report by Reuters. Financial Times then followed up with a Wednesday report that Brookdale could fetch more than $4 billion […]