Brookdale Senior Living, Inc. - BKD STOCK NEWS

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.

Brookdale Senior Living Inc. (NYSE: BKD) will participate in a discussion at the Barclay's Global Healthcare Conference on March 10, 2021, at 9:45 am ET. The event will feature Cindy Baier, President and CEO, and Steven Swain, CFO. Investors can access the live webcast through the Company's website, and a replay will be available until April 30, 2021. Brookdale operates 726 senior living communities across 43 states, providing care for approximately 64,000 residents.

Brookdale Senior Living (BKD) reported its fourth quarter and full year 2020 results, highlighting 100% completion of first dose COVID-19 vaccine clinics at its communities. Liquidity improved to $575.5 million, aided by government funding. However, revenue declined, with resident fee revenue down 15% year-over-year and net loss decreased to $44.1 million. Adjusted EBITDA was $98.6 million, showing a slight decrease. The company entered agreements to sell 80% equity in its Health Care Services segment, aiming to strengthen its financial position.

Brookdale Senior Living Inc. (BKD) announced a definitive agreement to sell an 80% stake in Brookdale Health Care Services (BHS) to HCA Healthcare for $400 million, valuing BHS at $500 million. This strategic partnership aims to enhance healthcare service offerings in Brookdale's senior communities, ultimately improving resident experiences and health outcomes. BHS, operating 57 home health and 22 hospice agencies, holds a strong Quality Star Rating. CEO Cindy Baier emphasized the partnership will strengthen liquidity and service integration. The agreement is subject to customary closing conditions.