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Brookdale Senior Living Incorporated


News and Blogs

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Brookdale to Present at JMP Securities Healthcare Focus Conference

www.prnewswire.com

www.brookdaleliving.com. A replay of the webcast will be available on the Company's website for 30 days after the date of the presentation. The presentation slides will also be available during and after the presentation through the Investor Relations section of the Brookdale Senior Living website.

http://www.prnewswire.com/news-releases/brookdale-to-present-at-jmp-securities-healthcare-focus-conference-63322517.html

 

Brookdale Senior Living Closes Sunrise Portfolio Acquisition - Zibb.com

Brookdale Senior Living Inc. (NYSE: BKD) (the "Company") today announced that it has completed its previously announced acquisition of communities from affiliates of Sunrise Senior Living, Inc. (NYSE: SRZ). The Company acquired 18 communities and three additional communities were acquired directly from Sunrise by an unrelated third party. The aggregate net purchase price for the 18 communities acquired was $190 million plus customary transaction expenses.

The portfolio of 18 communities is comprised of 1,197 total units, including 92 independent living units, 746 assisted living units and 359 Alzheimer's units. For the nine months ended September 30, 2009, the 18 communities generated total revenues of approximately $51.5 million. The average unit occupancy for the month of September was approximately 91.1% for the portfolio.

The Company financed the transaction through the assumption of approximately $85.4 million of mortgage debt, with the balance of the purchase price paid from cash on hand. The Company intends to incur approximately $48.0 million of additional mortgage debt financing related to this portfolio in the near future. The existing debt assumed has a variable interest rate, currently at a weighted average rate of less than 2.5%.

About Brookdale Senior Living

Brookdale Senior Living Inc. is a leading owner and operator of senior living communities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Currently the Company owns and operates independent living, assisted living, and dementia-care communities and continuing care retirement centers, with 564 communities in 35 states and the ability to serve over 53,000 residents.

Safe Harbor Statement

Statements contained in this press release and statements made by or on behalf of the Company relating hereto may be deemed to constitute forward-looking information made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements that are not historical statements of fact and those regarding the intent, belief or expectations of the Company or its management, including, without limitation, all statements regarding the Company's expectations relating to the financing of the portfolio and all statements regarding the Company's expectations concerning the future performance of the acquired communities and their effect on the Company's financial results. These forward-looking statements may be affected by certain risks and uncertainties, including without limitation the following: (i) the Company's ability to successfully integrate the acquired communities into the Company's operations, (ii) the Company's ability to obtain the mortgage debt financing, (iii) the risk that the Company will be unable to improve the acquired communities' results of operations and cash flows, (iv) the risks associated with adverse market conditions of the senior housing industry and the United States economy in general, and (v) the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 under the caption "Risk Factors" and in the Company's other filings with the SEC. In light of the significant uncertainties inherent in the forward-looking statements included herein, the Company's actual results could differ materially from such forward-looking statements. The Company does not undertake any obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Brookdale Senior Living Inc.

http://www.brookdaleliving.com

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Tags: acquisition   alzheimers   annual report   debt   economy   financial results   housing   market   mortgage   nyse   retirement   securities  

Companies: Brookdale Senior Living Inc (BKD), Sunrise Assisted Living, Inc. (SRZ)

 

Brookdale Senior Living (BKD) NewsBite - BKD Could Be On the Move - Zibb.com

Brookdale Senior Living (BKD) could be on the move today and is now at $16.27, up $.44 (2.78%) on volume of 596,705 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $20.69. Brookdale Senior Living stock has been showing support around $14.67 and resistance in the $17.67 range. Technical indicators for the stock are neutral and S&P gives BKD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BKD the stock seems like it could be a candidate for an April covered call above the 15 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: S&P  

Companies: Brookdale Senior Living Inc (BKD)

 

Stock research report available on Brookdale Senior Living (NYSE:BKD) from SmarTrend Analytics -

SmarTrend, the proprietary pattern recognition system, has made available a free sample copy of our premium research report on (NYSE:BKD) at http://www.mysmartrend.com/research/

SmarTrend, our proprietary pattern recognition system, called a Downtrend for Brookdale Senior Living (NYSE:BKD) on October 30, 2009 at $16.66. Since then, Brookdale Senior Living has returned 3.8% as of today's recent price of $16.02.

Want access to these reports and real time alerts? Go to www.tradethetrend.com now for a FREE two-week trial.

Write to Chip Brian at cbrian@tradethetrend.com

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Tags: market   nyse   research   securities   trial  

Companies: Brookdale Senior Living Inc (BKD)

 

Fortress Investment Group to sell stake through $264.8 million public offering of Brookdale Senior

The funds managed by affiliates of Fortress Investment Group, LLC have priced the sale of an aggregate of 16.55 million shares of Brookdale Senior Living, Inc.'s common stock, which is an increase of 5.55 million shares from the 11 million shares previously announced. The offering is priced at $16 per share to raise $264.8 million.

Brookdale is a US-based owner and operator of senior living communities, while Fortress is an alternative asset management firm, that invests and manages private equity funds and hedge funds.

In connection with the offering, the selling stockholders have granted the underwriter a 30-day option to purchase up to an aggregate of 1.65 million additional shares of common stock.

The offering is expected to close on November 13, 2009.

Earlier on the same day, Brookdale has filed with the US Securities and Exchange Commission that certain funds managed by affiliates of Fortress (Fortress stockholders) intend to offer in an underwritten public offering 11 million shares of the company's common stock.

Brookdale will not sell any shares in the offering. Following the offering, the funds managed by affiliates of Fortress will beneficially own approximately 42% of Brookdale's common stock. The Fortress stockholders are also expected to grant the underwriter a 30-day option to purchase up to 1.1 million additional common shares.

Bank of America Merrill Lynch will act as the sole book-running manager for the offering.

Deal Type    Private Equity
Sub-Category Exit
Deal Status  Announced: 2009-11-09

Deal Participants

Target (Company) Brookdale Senior Living, Inc.

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Tags: bank   book   hedge fund   investment   Private Equity   public offering   securities  

Companies: Brookdale Senior Living Inc (BKD), Fortress Investment Group LLC (FIG)

 

Web Sites

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Senior Living Communities | Assisted Living | Brookdale Senior Living

Independent Living Assisted Living Alzheimer’s/ Dementia Care Continuing Care Retirement Communities (CCRC) Life Care by Brookdale Skilled Nursing Centers

http://www.brookdaleliving.com/

Job Openings at Brookdale Senior Living Inc. in Milwaukee, WI

Job Title: Executive Director Job Number: EDlcWI081125a Location: Environment: Job Type: Full Time Pay Range: DOE - DOE Annual Relocation: Negotiable VISA Sponsorship: no Travel: Minimal Number of Openings: 1 Opportunity: SEEKING ASSISTED LIVING EXE...

http://www.milwaukeejobs.com/jobs.asp?pagemode=11&category_id=&cid=AE7P1TDM61G78G4G154A3Q0VEAW2BPB8&state_code=WI&page=1&pf=1&direction=DESC&last_order_by=relevance&order_by=date+posted&pbid=0

Senior Returns from WWII Memorial in Washington, D.C. with Lasting Memories

C. "The trip was very special; truly wonderful," said Adams. "It was very emotional for me." Adams was joined on the trip by her two sons. "Mom, my brother and I had a wonderful time," said Kevin Adams.

https://www.parkplace-spokane.com/adams2-experiences-of-a-lifetime.aspx

Brookdale Senior Living Inc. - Analyst News | newratings.com

Copyright © 2002 - 2008 newratings.com GmbH | Legal | Licensing Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using StandardPoor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.

http://www.newratings.com/headlines/Brookdale-Senior-Living-Inc-_US1124631045.html

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BKD - Brookdale Senior Living Incorporated | BKD Stock Quotes ...

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Get the latest BKD - Brookdale Senior Living Incorporated stock market performance data. TheStreet is the source for financial market news, trading stock, quotes, and personal ...

http://www.thestreet.com/quote/BKD.html

Jackie M. Clegg Profile - Forbes.com

people.forbes.com

Director Compensation (Brookdale Senior Living Incorporated) for 2006 Fees earned or paid in cash $0.00 Stock awards $130,003.00 ...

http://people.forbes.com/profile/jackie-m-clegg/12288

Brookdale Senior Living Incorporated - Company Profiles ...

www.portfolio.com

Find business news, business blogs, executive career advice, business travel, business culture, company & executive profiles.

http://www.portfolio.com/resources/company-profiles/Brookdale-Senior-Living-Incorporated-8640