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Brookdale Senior Living Inc. (NYSE: BKD) is the leading operator of senior living communities across the United States, dedicated to enhancing the quality of life for seniors. With a commitment to compassion, respect, excellence, and integrity, Brookdale offers a variety of living solutions tailored to meet the diverse needs of its residents. The company operates 652 communities in 41 states as of March 31, 2024, serving approximately 59,000 residents.
Brookdale's core services are segmented into Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The majority of its revenue is generated from the Assisted Living and Memory Care segment, where residents receive housing and assistance with daily activities. Brookdale also offers a range of outpatient therapy, home health, and hospice services through its ancillary services program.
The company has made significant strides in its operational and financial performance. Recent achievements include improved consolidated occupancy rates and successful execution of strategic priorities, paving the way for future growth. Financially, Brookdale continues to strengthen its position by completing key financing transactions that have refinanced debt maturities, and by reporting strong quarterly results.
Brookdale’s expertise spans healthcare, hospitality, and real estate, providing residents with a comprehensive environment that promotes wellness, social connection, and personal growth. The company's communities are purpose-built to offer high-quality care and living accommodations, ensuring a home-like atmosphere for its residents.
For the latest updates on Brookdale’s financial performance and developments, visit the company’s investor relations page or connect with them on social media platforms like Facebook and YouTube.
Brookdale Senior Living (NYSE: BKD) announced the release of its fourth-quarter 2020 financial results on February 24, 2021, after market close. A conference call to discuss the results is scheduled for February 25, 2021, at 9:00 AM ET. Brookdale is the leading operator of senior living communities in the U.S., with 726 communities serving approximately 64,000 residents as of December 31, 2020. The company also provides home health and hospice services to over 17,000 patients.
Brookdale Senior Living (NYSE: BKD) reported its December 2020 occupancy rates, noting a moderation in the occupancy decline during Q4. As of December 31, 2020, 89% of its communities were open for move-ins, bolstered by strong infection control measures amid rising COVID-19 cases. Around 90% of communities have initiated COVID-19 vaccine clinics. The company anticipates recognizing approximately $78 million from government grants and incurring $30 million in COVID-related expenses. Monthly occupancy reports will continue until financial guidance resumes.
Brookdale Senior Living Inc. (BKD) announced its consolidated occupancy for November 2020, signaling a resilient operational capacity amid rising COVID-19 cases, with 89% of communities open for move-ins as of November 30. The company plans to maintain monthly occupancy reports until financial guidance resumes. Brookdale emphasizes its commitment to resident safety through stringent infection control protocols and prioritization for COVID-19 vaccinations. As of September 30, 2020, Brookdale operates 726 communities across 44 states, serving around 65,000 residents.
Brookdale Senior Living (NYSE: BKD) announced its communities are prioritized for the COVID-19 vaccine distribution by the U.S. Department of Health and Human Services. This decision aims to protect over one million individuals in senior living communities, recognizing them as a vulnerable population. Brookdale's CEO, Cindy Baier, emphasized their commitment to resident safety and their partnership with CVS Health for the vaccination rollout. The company operates 726 communities across 44 states, serving around 65,000 residents. More information can be found on their website.
Brookdale Senior Living (NYSE: BKD) has been awarded the J.D. Power Award for ranking highest in the 2020 U.S. Senior Living Satisfaction Study. The survey highlighted Brookdale's superiority in resident satisfaction, specifically in areas like Community Staff, Resident Activities, Resident Apartment/Living Unit, and Community Buildings and Grounds. Brookdale operates 726 communities across the U.S., providing care for approximately 65,000 residents. This recognition underscores the dedication of Brookdale's over 46,000 associates during challenging times, including the pandemic.
Brookdale Senior Living Inc. (BKD) will participate in the Credit Suisse 29th Annual Healthcare Conference on November 10, 2020, at 4:15 PM ET. CEO Cindy Baier and CFO Steven Swain will discuss the company’s operations and strategies. An investor slide presentation is available on their website, and a live audio webcast can be accessed online. The presentation will be available for replay until December 24, 2020. Brookdale operates 726 senior living communities across 44 states, serving approximately 65,000 residents as of September 30, 2020.
Brookdale Senior Living (BKD) reported a net loss of $125 million for Q3 2020, a 59.2% increase in losses year-over-year, primarily influenced by a significant drop in resident fee revenue due to COVID-19, which declined by 12.5% to $700.8 million. The company completed a lease restructuring, reducing cash rent by $500 million, and enhancing liquidity to $491 million. Despite 95% of communities being open to move-ins, average occupancy fell to 75% from 77.8%. Adjusted EBITDA dropped to $(64 million), significantly impacted by a $119.2 million one-time lease payment.
BROOKDALE SENIOR LIVING INC. (NYSE: BKD) will participate in the Credit Suisse 29th Annual Healthcare Conference on November 10, 2020. CEO Cindy Baier and CFO Steven Swain will discuss the company's operations and future plans starting at 4:15 pm ET. The live audio webcast can be accessed through the company's website www.brookdale.com/investor, with a replay available until December 24, 2020. Brookdale operates 726 senior living communities across 44 states, serving around 65,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) plans to release its Q3 2020 financial results after market close on November 4, 2020. A conference call to discuss the results is scheduled for November 5, 2020, at 9:00 AM ET. As of September 30, 2020, Brookdale operates 726 senior living communities across 44 states, serving approximately 65,000 residents. Additionally, the company provides home health, hospice, and outpatient therapy services to over 17,000 patients. For further details, the call can be accessed at www.brookdale.com/investor.
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