Welcome to our dedicated page for Brookdale Sr Living news (Ticker: BKD), a resource for investors and traders seeking the latest updates and insights on Brookdale Sr Living stock.
Brookdale Senior Living, Inc. (NYSE: BKD) is a large U.S. operator of senior living communities, with a portfolio that includes independent living, assisted living, memory care, and continuing care retirement communities. The BKD news feed on Stock Titan aggregates company-issued updates and other coverage so readers can follow how Brookdale’s operations, occupancy, and capital structure evolve over time.
Brookdale regularly publishes occupancy updates, detailing consolidated and same community weighted average occupancy, month-end occupancy, and sequential and year-over-year changes. These monthly and quarterly occupancy reports provide insight into resident demand, move-in and move-out trends, and seasonal patterns across its communities.
The company also issues earnings releases that discuss quarterly financial results, including resident fees, facility operating expenses, general and administrative expenses, and non-GAAP measures such as Adjusted EBITDA and Adjusted Free Cash Flow. These releases often include commentary on portfolio dispositions, lease transitions, and liquidity metrics.
In addition, Brookdale news includes financing announcements, such as mortgage loans and credit facilities secured by first mortgages on senior living communities, along with information on refinancing upcoming debt maturities and the mix of fixed-rate and variable-rate obligations. Leadership and governance developments, including the appointment of a Chief Executive Officer and a Chief Operating Officer, are reported through press releases and corresponding Form 8-K filings.
Investors, analysts, and others interested in the senior living sector can use this BKD news page to review a chronological record of Brookdale’s publicly reported occupancy trends, financial updates, capital markets activity, and executive changes. Bookmark this page to quickly access new Brookdale Senior Living announcements as they are released.
Brookdale Senior Living Inc. (NYSE: BKD) has announced the promotion of Kevin Bowman to Executive Vice President of Community Operations, effective October 1, 2021. Bowman, who joined Brookdale in 2016, brings 30 years of experience in senior living and has successfully led operations during the COVID-19 pandemic. His promotion is seen as a strategic move to enhance Brookdale's mission of enriching seniors' lives across its 682 communities in 41 states. Laura Fischer replaces Bowman as West Division Vice President of Operations.
Brookdale Senior Living Inc. (BKD) has announced the pricing of $200 million in convertible senior notes due 2026, aimed at qualified institutional buyers. The interest rate is set at 2.00% per annum, payable semi-annually. Initial conversion will offer 123.4568 shares per $1,000 of notes, with an effective conversion price of approximately $8.10 per share, representing a 35% premium to BKD's recent stock price. Net proceeds are estimated at $194.1 million, intended for general corporate purposes, including debt repayment. The offering will close on October 1, 2021.
Brookdale Senior Living Inc. (NYSE: BKD) announced plans to offer $200 million in convertible senior notes due 2026, subject to market conditions. The notes, aimed at qualified institutional buyers, will be unsecured with semi-annual interest payments. An additional $30 million may also be offered. Proceeds will be used for general corporate purposes, including debt repayment and capped call transactions intended to mitigate stock dilution. Capped call transactions may influence Brookdale's stock price during and after the offering.
Brookdale Senior Living Inc. (BKD) announced its consolidated occupancy for August 2021, reporting six consecutive months of occupancy growth. The weighted average occupancy percentage increased by 50 basis points sequentially, despite the challenges posed by the COVID-19 delta variant. The company plans to continue publishing monthly occupancy reports until it resumes providing financial guidance and returns to historical reporting practices.
Brookdale Senior Living (BKD) reported its second quarter 2021 financial results, showing a 90 basis points increase in weighted average occupancy, marking five consecutive months of growth. Revenue per occupied unit (RevPOR) rose 4.2% year-over-year. Despite a 7.9% decline in resident fee revenue to $674 million, the company's liquidity improved by over $300 million following the sale of a portion of its Health Care Services segment. However, net loss reduced to $83.6 million, demonstrating ongoing challenges.
Brookdale Senior Living Inc. (BKD) will release its second quarter 2021 earnings on August 5, 2021, after market close. A conference call to discuss the results is scheduled for August 6, 2021, at 9:00 AM ET. Investors can access the call by dialing (833) 366-1368 within the U.S. or (639) 380-0044 internationally.
This earnings report will provide insights into Brookdale's performance and future outlook, with the ability to serve over 60,000 residents across 685 communities in 41 states.
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.
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