Brookdale Senior Living Inc.
BKDTU
Other OTC50.13
USD
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Brookdale Senior Living Inc.
BKDTU
(Other OTC)
Recent
price
50.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Brookdale Senior Living Inc. (NYSE: BKD) owns, manages, and operates senior living communities across the United States, serving as the nation's largest provider in the sector with approximately 649 communities in 41 states and capacity for around 59,000 residents. The company delivers a comprehensive portfolio of services including independent living communities designed for middle- to upper-income seniors seeking upscale residential environments; assisted living and memory care facilities offering housing, 24-hour assistance with activities of daily living, and specialized programs such as Clare Bridge for Alzheimer's and dementia residents; continuing care retirement communities (CCRCs) providing a continuum of care from independent living to skilled nursing; rehabilitation and skilled nursing services through its wholly owned subsidiary Innovative Senior Care; and additional wellness, health coordination via the HealthPlus program, and at-home care options. Founded in 1978 and headquartered in Brentwood, Tennessee, Brookdale targets seniors requiring varying levels of support, from active independence to intensive medical care, across diverse geographic markets primarily in affluent and high-demand regions. In September 2024, Brookdale announced agreements to acquire 41 leased senior living communities totaling 2,789 units for $610 million from real estate investment trusts Welltower Inc. and Diversified Healthcare Trust, including 11 communities from a Welltower joint venture for $300 million, five standalone Welltower communities for $175 million, and 25 Diversified Healthcare Trust communities for $135 million; these transactions, expected to close by year-end, increase owned communities to 66% of consolidated units, replace high-cost leases with lower-cost debt financing including $182.5 million in new agency loans and $369 million in convertible senior notes due 2029 issued via exchanges and subscriptions led by Deerfield Management and Flat Footed LLC, refinance $197 million of 2025 mortgage debt, address 83% of 2026 maturities, and deliver immediate accretion to Adjusted EBITDA and free cash flow while enhancing portfolio flexibility and growth capture. The company continues expanding its HealthPlus resident health management program toward 130 communities by late 2024, building on 2023 initiatives that reduced hospitalizations by 36% and boosted move-ins and satisfaction in participating sites.