Jessica Hazel There can be no assurance that the disposition transaction will close or, if it does, when the closing will occur. MUSCLE SHOALS, Ala. Senior Living Investment Brokerage (SLIB) has negotiated the sale of Brookdale Shoals, a 42-unit assisted living and memory care community in Muscle Shoals, located along the Tennessee River in the northwest corner of Alabama. NASHVILLE, Tenn., July 27, 2016 /PRNewswire/ -- Brookdale Senior Living Inc. today announced that it has entered into an agreement with a third party to sell 44 communities for an aggregate. If you are using a screen reader and having difficulty,please call (844) 327-3441. Today's partnership with HCA Healthcare, a leading healthcare organization, will continue the high quality services delivered to our residents and patients, strengthen our liquidity position and provide meaningful opportunities for growth through better integration of services across the entire care continuum. Brookdale Senior Living Inc. As a learning health system, HCA Healthcare uses its more than 32 million annual patient encounters to advance science, improve patient care and save lives. Whispers of a potential sale come on the heels of a troubled year for the senior housing and health care giant. That total implies a $500 million value for the segment, according to Brookdale. See Less home details. 2023 Steps to Help Small Seniors Housing Owners Prepare for a Sale, Webinar: Let's Talk About the Outlook for Seniors Housing Investment and Finance, Five Trends Driving Seniors Housing Design in 2023, Cornell Institute for Healthy Futures Plans Symposium, New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate, After 18 Months, Seniors Housing Operators More Adept at Handling, New Supply Puts Brakes on Occupancy Recovery in Private-Pay Seniors, "Multifamily News for Seniors Housing Business", Southeast Multifamily & Affordable Housing Business, Texas Multifamily & Affordable Housing Business, Western Multifamily & Affordable Housing Business, Midwest Multifamily & Affordable Housing Business, Northeast Multifamily & Affordable Housing Business. Brookdale is the largest senior living provider in the United States and also the sixth-largest home health provider, data from LexisNexis suggests. Through its ancillary services program, the Company also offers a range of outpatient therapy, home health, personalized living and hospice services. The portfolio communities' revenue for the twelve months ended March 31, 2016 was approximately $89 million, and the portfolio's average occupancy for the first quarter of 2016 was 79%. Brookdale Senior Living, the country's largest senior living provider, is selling 44 of its communities to an unidentified third party for a total of $252.5 million, the company announced Wednesday. Brookdale will contribute roughly $170 million to the joint venture to take a 15 percent equity interest in it, according to a statement. 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Safe HarborCertain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements regarding our intent or expectations relating to the 44-community disposition, the effect of such disposition on the Company's operations, and the Company's planned use of proceeds from the transaction; and the Company's plans to continue its portfolio rationalization initiative and the effect of such initiative on the Company's operations, performance and financial condition. NASHVILLE, Tenn., July 27, 2016 /PRNewswire/ --Brookdale Senior Living Inc. (NYSE: BKD) today announced that it has entered into an agreement with a third party to sell 44 communities for an aggregate sales price of $252.5 million. The transaction is expected to close by the end of the year. The company has made employee retention a focus, and says wages are intentionally high compared with competitors. Actual results could differ materially from those projected. ft. home is a 3 bed, 1.5 bath property. Privacy Policy and Smith said the company expects to use to use the proceeds mainly to repay debt. Brookdale cannot guarantee future results, levels of activity, performance or achievements, and, except as required by law, it expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. The closing of the 44-property transaction is expected by the end of 2016, subject to customary approvals and conditions, Brookdale stated. from 8 AM - 9 PM ET. As a Brookdale Senior Living RN, you will implement and coordinate the delivery of care in collaboration with physicians and resource health care personnel. SHN is part of the Aging Media Network. brookdale selling 44 communities. A spokesman for Ventas. Delayed Nyse Average salary for Brookdale Senior Living Memory Care Director in Hghlnds Ranch, CO: [salary]. NH VT RI NJ DE MD MA CT A Alabama Arizona Arkansas C California Colorado Connecticut D Delaware F Florida G Georgia I Brookdale Senior Living Inc. has restructured the master lease for 120 of its communities that will save the Brentwood-based company approximately $500 million over the next five . Join us for an exciting one-day, two-track event highlighting dining, hospitality, health and wellness in senior living. Factors which could cause results to differ include, but are not limited to, the ability of the Company to complete the 44-community divestiture on the currently agreed upon terms or at all, including in respect of the satisfaction of closing conditions, the risk that regulatory approvals are not obtained or are subject to unanticipated conditions, and uncertainties as to the timing of the closing; the Company's ability to identify transactions favorable to the Company and close such transactions as part of its portfolio rationalization initiative; the Company's ability to achieve the expected benefits of such identified transactions within expected time-frames; as well as other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The conference call can be accessed by dialing (866) 900-2996 (from within the U.S.) or (706) 643-2685 (from outside of the U.S.) ten minutes prior to the scheduled start and referencing "Brookdale". Andy Smith, Brookdale's President and CEO, said, "We are pleased to continue our portfolio rationalization initiative to simplify our business model and divest communities that do not fit with our strategy. Brookdale will sell 80% of the equity in its health services segment to HCA for a purchase price of $400 million. Brookdale operates and manages independent living, assisted living, memory care and continuing care retirement communities, with 726 communities in 43 states and the ability to serve approximately 64,000 residents as of December 31, 2020. The new focus now is on streamlining operations and getting basic things right, he said. Recent highlights include Sri Lanka and Iceland. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. Lot Area: 0.44 acres. That total implies a $500 million value for the segment, according to Brookdale. The Brentwood, Tennessee-based company is working with financial advisers to scope out potential buyers, said the people, who asked not to be identified because the information isnt public. After falling short on Q3 projections and seeing revenue dip year over year, Brookdale Senior Living (NYSE: BKD) is reportedly considering divesting its home health and hospice segments. Close more info about Brookdale sells 44 communities for $252.5 million, On the Money (formerly Dealmakers Handbook), McKnights Women of Distinction Awards and Forum content, Cementing senior livings role in care continuum key focus area for NIC, Integral, Discovery partner to form nations fifth-largest senior housing operator, Nudging residents toward positive habits can decrease social isolation: study, Why your severance agreements may be breaking the law, Fed unlikely to take its foot off the brake anytime soon, Diversified Healthcare Trust announces strong year-over-year improvement in senior housing portfolio. CEO Cindy Baier said in a press release that that the company typically sees lower occupancy rates during the first quarter. The Brentwood, Tennessee-based aging services operator which offers home health, hospice and outpatient therapy services to over 17,000 patients nationwide is reportedly being provided with guidance by Bank of America and exploring various options. These forward-looking statements reflect management's views as of the date of this press release, and the Company expressly disclaims any obligation to release publicly any updates or revisions to any of these forward-looking statements to reflect any change in its expectations. HCA Healthcare is one of the nation's leading providers of healthcare services, comprising more than 2,000 sites of care. 5607 BROOKDALE WAY, Tampa, FL, 33625 is a single-family residential listed for-sale at $477,900. The cost at this community starts at $4,046, while the average cost for a senior living community in Gilbert, AZ is $3,800. These forward-looking statements include, but are not limited to, statements regarding Brookdale's future financial performance and its sale of a majority stake in BHS to HCA Healthcare as well as the expected benefits, synergies or opportunities of Brookdale retaining an ongoing interest in BHS (collectively, the "Transaction"). Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Copyright 2023 Surperformance. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. . Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD. Brookdale Sylvan Ranch 7375 Stock Ranch Road, Citrus Heights, CA 95621 4.5 (13 reviews) Add a review For pricing & availability (866) 213-1605 Get Pricing Check Availability Download Brochure Request a tour Pricing Reviews Amenities Neighborhood FAQs Nearby Communities Get pricing & check availability: Full Name* Full Name* Brookdale has agreed to sell 80% of the equity in Brookdale Health Services to the Nashville, Tennessee-based HCA Healthcare for a purchase price of $400 million. $270K. Birmingham, Alabama-based Enccompass Healths home health and hospice segments brought in $274.5 million in revenue over Q3 2020 and over $1 billion in all of 2019, according to company financial filings. Over 675 senior living communities in 41 states. Senior Housing News (SHN) is the leading source for news and information covering the senior housing industry. Brookdale in December indicated that it would consider a sale or spin off of its health care services segment, after taking a series of financial punches from the coronavirus pandemic. Integral, Discovery Partner to Become Fifth Largest Operator in U.S. Bascom Group Acquires 230-Unit Avenida Lakewood Active Adult Community in Colorado, BHI Provides $30M Refinancing for The Alomar in Davie, Florida, WelcomeHome Software Hires Patrick Sharp as Enterprise Account Executive, Dont Expect Pivot by The Fed on Interest Rates Until Late This Year, Says NICs Mace, Liberty Opens 93-Unit Adaptive Reuse of Former Courthouse in New Orleans, Blueprint Brokers $37.5M Sale of Two Memory Care Communities in Nevada, Maryland, Ziegler Arranges $29M Financing for Ens Verde Development in Simi Valley, California, Anthem Memory Care Appoints Trisha Thomas as Executive Director for Community in Aurora, Colorado, Webinar: Meeting the Critical Need for Affordable Seniors Housing. Winds light and variable.. Clear skies. The asset was an operational outlier for Brookdale, the seller. The company will manage the communities on behalf of. You can unsubscribe to the investor alerts you previously subscribed to These are estimated prices.At this assisted living property, residents can receive 24-hour non-medical care while also enjoying transportation arrangement and assistance with their . All Rights Reserved. While home health has been an up-and-down business for Brookdale, the companys hospice operations have consistently performed well. Sold: 3 beds, 1.5 baths house located at 246 Watchung Ave, Bloomfield, NJ 07003 sold for $530,000 on Feb 24, 2023. This single transaction divests a diverse group of communities spread across 12 states and minimizes any operational disruption. Brookdale Sells 41 Communities. View our complete range of New Age Road Owl RO19BE Comfort MY22 caravans, campers, motorhomes and RVs for sale throughout Australia The portfolio communities' revenue for the twelve months ended March 31, 2016 was approximately $89 million, and the portfolio's average occupancy for the first quarter of 2016 was 79%. Its average daily census went from 15,357 in Q3 2019 to 13,146 in over the same time period this year. Brookdale Arvada located in Arvada, CO offers Assisted Living and Memory Care options for seniors. HCA Healthcare received legal counsel from Debevoise & Plimpton with healthcare regulatory support from Waller. The buyer and specific properties were not disclosed. Brookdale Brookhurst Offers Assisted Living and Memory Care 27 Reviews 15302 Brookhurst St., Westminster, CA 92683 (800) 385-2527 Summary Reviews Costs Photos Amenities Description Map View Photos Get cost information Contact for Costs Find out availability Schedule a Tour Ask about payment options Get Options 7720 Allison St, Arvada, CO 80005 Sorry, there are no recent results for popular commented articles. The company has also been the beneficiary of over $100 million in federal and state relief since the beginning of the public health emergency, including a whopping $67.5 million from the U.S. Department of Health and Human Services (HHS) via the Provider Relief Fund. Brookdale Senior Living does not sell your email address to third parties. You must click the activation link in order to complete your subscription. Copyright 2023 Surperformance. The Brentwood senior living company Brookdale continued to sell its senior living communities in the first quarter of 2019. Brookdale is a leading operator of senior living communities in the U.S. You can find Brookdale locations in the following states: Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Idaho Illinois Indiana Kansas Kentucky Louisiana Maryland Massachusetts We expect to use the proceeds of the transaction to primarily repay debt in another step towards de-leveraging the balance sheet.. Brookdale Enters into Agreement to Sell 44 Communities, http://www.prnewswire.com/news-releases/brookdale-enters-into-agreement-to-sell-44-communities-300305221.html. Ventas owns more than 100 properties operated by Brookdale. NASHVILLE, Tenn. Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell 44 of its seniors housing communities for a total sales price of $252.5 million. Mansfield, TX. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. NASHVILLE, Tenn., July 27, 2016 /PRNewswire/ --Brookdale Senior Living Inc. (NYSE: BKD) today announced that it has entered into an agreement with a third party to sell 44 communities for an aggregate sales price of $252.5 million. These forward-looking statements reflect management's views as of the date of this press release, and the Company expressly disclaims any obligation to release publicly any updates or revisions to any of these forward-looking statements to reflect any change in its expectations. The transaction comes as Smith and his colleagues have been touting a new phase in the integration of Emeritus. This Oakview tudor-inspired colonial combines all the convenience of mo. Low 37F. The nations largest senior living provider has scaled downat least a bit, entering into an agreement to sell a portfolio of 44 communities for an aggregate price of $252.5 million. Cautionary Note Regarding Forward-Looking StatementsCertain statements in this press release and the associated conference call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This single transaction divests a diverse group of communities spread across 12 states and minimizes any operational disruption. We are pleased to continue our portfolio rationalization initiative to simplify our business model and divest communities that do not fit with our strategy, Smith said in a press release. This site is protected by reCAPTCHA and the Google or to opt out at any time. Brookdale is the largest owner and operator of seniors housing in the United States. July 20, 2023 Washington, D.C. The company lost more than half a billion dollars each in 2017 and 2018. Brookdale Health Care Services agencies, which are not located in areas served by HCA Healthcare, include 23 home health locations, 11 hospice agencies and 13 therapy agencies across 22 states.. If you are using a screen reader and having difficulty,please call (855) 350-3800. BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations. -, Brookdale to Present at the Barclays Global Healthcare Conference, LTC Properties Plans to Diversify Portfolio Via Possible Sale of Certain Brookdale Senior Living Properties, LTC Properties to Transition or Sell Some Properties in Brookdale Portfolio, http://www.prnewswire.com/news-releases/brookdale-enters-into-agreement-to-sell-44-communities-300305221.html. If hes not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. SPONSORED BY: Brookdale Senior Living's (NYSE: BKD) is considering selling off its home health and hospice businesses. This venture will also help enhance the growth prospects for BHS given the complementary nature of services of both organizations. The portfolio spans 12. March 30, 2023 Washington, D.C. You can sign up for additional alert options at any time. Imagine your life enhanced with interesting people, a place where wellness is a reality, not a dream. Brookdale Senior Living sells 44 communities for $252.5 million. The closing of the disposition transaction, expected by the end of 2016, is subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Brookdale Senior Living Inc. is the leading operator of senior living communities throughout the United States. We expect to use the proceeds of the transaction to primarily repay debt in another step towards deleveraging the balance sheet.". See home details for 1592 Brookdale Dr and find similar homes for sale now in Asheboro, NC on Trulia. Although Brookdale believes that expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its assumptions or expectations will be attained and actual results and performance could differ materially from those projected.