Welcome to our dedicated page for Brookdale Senior Living news (Ticker: BKD), a resource for investors and traders seeking the latest updates and insights on Brookdale Senior Living stock.
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 Inc. (NYSE: BKD) reported an increase in consolidated occupancy for June 2021, marking four consecutive months of growth. The month-end occupancy percentage improved by nearly 100 basis points compared to the previous month, with a sequential increase of approximately 70 basis points. The company plans to continue publishing monthly occupancy reports until it resumes financial guidance reporting. As of June 30, 2021, Brookdale operates 685 communities across 41 states, serving nearly 59,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) completed a significant transaction by selling an 80% stake in its Brookdale Health Care Services (BHS) to HCA Healthcare for $400 million, valuing BHS at $500 million. This sale strengthens Brookdale's financial position and allows continued access to quality services for residents. The company received approximately $300 million in cash at closing after adjustments. Brookdale retains a 20% equity interest in BHS, marking the start of a new partnership with HCA Healthcare.
Brookdale Senior Living (NYSE: BKD) reported improved occupancy for May 2021. The month-end occupancy percentage exceeded the year-end 2020 figure, showing a sequential increase of approximately 60 basis points. Brookdale continues to share occupancy updates monthly until it resumes financial guidance, reflecting its focus on transparency. The company operates 695 senior living communities across 42 states, serving about 60,000 residents and 16,000 patients.
BROOKDALE SENIOR LIVING INC. (NYSE: BKD) will host a webcast discussion featuring CEO Lucinda Baier and CFO Steven Swain at the RBC Global Healthcare Conference on May 19, 2021, starting at 8:35 am ET. Investors can access the live webcast on the company's website, with a replay available until June 19, 2021. Brookdale operates 695 communities across 42 states, serving approximately 60,000 residents. For more information, visit brookdale.com/investor.
Brookdale Senior Living Inc. (BKD) reported its financial results for Q1 2021, highlighting a turnaround in occupancy after the COVID-19 pandemic. In March and April, net move-ins exceeded move-outs for the first time since the pandemic began, improving occupancy by 50 basis points in April. Revenue per occupied unit (RevPOR) rose by 2.9% year-over-year, although total resident fee revenue fell by 15.1% to $664.4 million. The company's adjusted EBITDA plummeted 81.1%, leading to a net loss of $108.3 million. Despite these challenges, Brookdale achieved a 93% vaccine acceptance rate among residents.
Brookdale Senior Living Inc. (BKD) is set to release its Q1 2021 financial results on May 6, 2021, after market close. A subsequent conference call will take place on May 7, 2021, at 9:00 AM ET. The company, a leader in senior living solutions, operates 695 communities across 42 states, serving approximately 60,000 residents and over 16,000 home health patients as of March 31, 2021. The earnings report is anticipated to provide insight into financial performance and future guidance.
Brookdale Senior Living (NYSE: BKD) has successfully conducted over 120,000 COVID-19 vaccinations across its communities, completing three vaccination clinics by April 9, 2021. This initiative, supported by the Pharmacy Partnership for Long-Term Care Program and CVS Health, prioritized residents and associates. The program achieved a vaccination acceptance rate exceeding 92%, enabling residents to gradually engage with loved ones. Brookdale operates 695 communities in 42 states, serving approximately 60,000 residents as of March 31, 2021.
Brookdale Senior Living Inc. (BKD) released its March 2021 occupancy report, revealing positive trends. March marked a sequential improvement in occupancy percentage, with net move-ins exceeding move-outs for the first time since the onset of the pandemic. Monthly move-ins have consistently increased since November 2020. The company plans to continue reporting monthly occupancy figures until it resumes financial guidance, aligning with historical reporting practices.
Brookdale Senior Living (NYSE: BKD) has successfully hosted COVID-19 vaccination clinics across all 700 communities, with many sites conducting a third round by mid-March 2021. The company, in partnership with CVS Health, has facilitated over 100,000 vaccine doses in 43 states. The vaccination initiative has achieved a 95% reduction in COVID-19 cases and over 90% vaccine acceptance among residents. CEO Lucinda Baier praised the dedicated teams for rapid clinic implementation, noting delivery was 2.5 times faster than the industry average. This effort underscores Brookdale's commitment to senior health and safety.
Brookdale Senior Living (NYSE: BKD) announced improved occupancy metrics for February 2021, highlighting consecutive monthly growth in move-ins since November 2020. Move-ins and move-outs showed positive trends compared to January, although net move-ins remained flat year-over-year. The company noted a significant decline in COVID-19 cases, with over 95% reduction since peak levels. Vaccination efforts are ongoing, with many communities hosting multiple clinics. Brookdale plans to continue monthly occupancy updates until it resumes financial guidance.
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