Brookdale Senior Living, Inc.

Brookdale Senior Living, Inc.

Brookdale Senior Living, Inc.

Overview
Date Founded

1978

Headquarters

111 Westwood Place, Suite 400, Brentwood, TN, 37027, USA

Type of Company

Public

Employees (Worldwide)

38.4K

Industries

Hospitals & Patient Services

Company Description

Brookdale Senior Living owns and operates over 1,000 senior living communities and retirement communities in the United States. Brookdale was established in 1978 and is based out of Brentwood, Tennessee. In the late 1990s and early 2000s, Fortress Investments became the majority owner of Brookdale, holding approximately 51% of its share. Currently, Glenview Capital Management (a hedge fund) holds the largest number of shares. Brookdale has approximately 70,000 staff members and 100,000 residents.

Contact Data
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Executives & Employees

President, Chief Executive Officer, Chief Operating Officer & Director

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Secretary

Senior Vice President & Chief Accounting Officer

Division President-Health Care Services

Executive Vice President-Finance & Treasurer

Executive Vice President, Asset Management & Division President-Entry Fee

Executive Vice President-Strategic Operations

Executive Vice President-Human Resources

Executive Vice President & President of Senior Living

Board of Directors

Chief Executive Officer at H2 Health

President, Chief Executive Officer, Chief Operating Officer & Director at Brookdale Senior Living, Inc.

Chairman at Flood, Bumstead, McCready & McCarthy, Inc.

Chairman & Chief Executive Officer at Opportunistic Equities LLC

Director-Heartcare & Cancercare Divisions at Duke University Health System, Inc.

Former Senior Vice President-Performance Excellence & Accountability at UnitedHealthcare Services, Inc.

Senior Vice President-Sales & Trade Support at Royal Caribbean International Ltd.

Senior Vice President & Chief Physician Executive at Sentara Healthcare

Fund Advisor at CCO Group LLC

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Owners & Shareholders
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Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment and philanthropy—all toward the end goal of cures for disease, improved quality of life and reduced cost of care. As of late 2019, the firm manages nearly $10 billion in assets. Providing value beyond capital, Deerfield generally maintains a combined portfolio of more than 200 private and public investments across the life science, medical device, diagnostic, digital health and health service industries at all stages of evolution from start-up to mature company. Having many years of operational expertise, Deerfielders are highly engaged and adept at navigating the complex crosscurrents ever-present in the healthcare and financial industries. Collaboration, intellectual curiosity and pragmatism drive Deerfield’s approach. With its holistic view, Deerfield tailors flexible financing options designed to meet the needs of entrepreneurs and corporate partners.

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Camber Capital Management seeks to generate capital appreciation without regard to current income by investing primarily in publicly-traded common stocks of healthcare companies across a variety of industries including healthcare services and facilities, pharmaceuticals, medical products and devices and biotechnology. Although most of their investments are within the healthcare industry, the firm may occasionally invest in other sectors if more attractive opportunities are identified. Camber Capital Management employs a fundamental, bottom-up research approach designed to identify high-quality companies whose inherent value is not adequately reflected in a company's market valuation.

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Glenview's investment process employs deep, fundamental research and individual security selection primarily within equity and credit-oriented strategies. The firm employs a GARP investment approach that focuses on companies in stable industries, with recurring revenue streams or entrenched market positions. They may also focus on contrarian investments (cyclical or company specific). Glenview often combines GARP and contrarian investing when a steady growth business emerges within a company as the dominant economic force over a more challenged business unit. GCM invests in stored or hidden value situations, where excess balance sheet capacity may be used to accelerate returns or where contractual rights or startup operations show no present value but may be significant drivers of value tomorrow. In addition to long equity investments, GCM commits significant capital to short equity positions. They look for companies whose industries face cyclical, transitory or secular headwinds, whose competitive position is likely to erode over the near- to medium-term, and companies whose liquidity profile will potentially create equity value impairment or cause future issuance of additional equity at lower prices. GCM may also maintain short positions in equity index futures or other index products to reduce net market risk. The firm also engages in long and short credit positions with emphasis on business or asset stability over growth. They may seek to reduce the risk through other hedges that protect the overall portfolio of the funds, including interest rates, foreign currencies or sovereign, corporate or asset-backed credit spreads.

Recent Transactions
Details Hidden

Healthpeak Properties, Inc. purchases Brookdale Senior Living, Inc. /12 CCRC from Brookdale Senior Living, Inc.

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Brookdale Senior Living, Inc. purchases National Health Investors, Inc. /8 Assisted Living Facilities from National Health Investors, Inc.

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The Ensign Group, Inc. purchases Brookdale Senior Living, Inc. /5 Living Facilities from Brookdale Senior Living, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Investment Advisor

Advised onBrookdale Senior Living, Inc. purchases American Retirement Corporation

Legal Advisor

Advised onBrookdale Senior Living, Inc. purchases Emeritus Corp.

Escrow Agent

Advised onBrookdale Senior Living, Inc. issued USD Common Stock

Legal Advisor

Advised onBrookdale Senior Living, Inc. purchases Emeritus Corp.

Head of Healthcare Equity Capital Markets

Advised onBrookdale Senior Living, Inc. issued USD Common Stock

Legal Advisor

Advised onBrookdale Senior Living, Inc. purchases Sunrise Senior Living, Inc. /21 Senior Living Communities from Sunrise Senior Living, Inc.

Advisors & Consultants
Advisor

President & Chief Executive Officer at Lillibridge Healthcare Services, Inc.

Legal Advisor

Partner, Mergers & Acquisitions, Private Equity, Real Estate Investment Trusts at Skadden, Arps, Slate, Meagher & Flom LLP

Legal Advisor

Partner at Willkie Farr & Gallagher LLP

Clients

The Blackstone Group, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Burcham Hills Retirement Center II is a non-profit organization which provides nursing and rehabilitation services. It offers independent and assisted living care, memory care, long-term skilled nursing, post-acute and short-term rehabilitation, and outpatient therapy. The company was founded in 1974 and is headquartered in East Lansing, MI.

Key Stats and Financials As of 2019
Market Capitalization
$800M
Total Enterprise Value
$6.88B
Earnings Per Share
$-1.44
Revenue
$4.06B
Net Profit
$-268M
Debt TEV
0.85x
Enterprise Value / Sales
1.7x
TEVNet Income
-25.67x
Total Equity
$699M
Total Debt
$5.86B
Enterprise Value EBITDAOperating
13.95x
EBITDAMargin
9.55%
EBITDA
$388M
Three Year Compounded Annual Growth Rate Of Revenue
-6.59%
Non-Profit Donations & Grants
Political Donations
$500
2012
$500
2012
$500
2012
Investments
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BRE/SW Portfolio LLC operates as a private investment group. The company was founded on November 12, 2009 and is headquartered in Wilmington, DE.

Investors
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Fortress Investment Group's private equity activities focus on operating businesses across five major sectors including financial services, transportation, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The firm seeks to acquire undervalued assets and companies that can be improved through intensive asset management. Fortress places capital across the entire capital structure, actively deploying first and second lien senior secured debt, mezzanine financing and equity investments.Through the Fortress Investment Funds and through direct co-investments, Fortress acquires cash flowing investments and businesses that are often backed by tangible physical and financial assets. The Fortress Mortgage Opportunities Funds make investments in residential mortgage backed securities and related investments. The firm is also affiliated with two externally managed publicly traded companies, Newcastle Investment Corp. and Eurocastle Investment Ltd. Newcastle Investment Corp. invests primarily in real estate related loans and securities. Eurocastle Investment Ltd. invests primarily in operating real estate.

Suppliers
Welltower, Inc. Trusts & Funds | Toledo, OH

Welltower, Inc. engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities. The Triple-net segment offers long-term/post-acute care facilities, assisted living facilities, independent living/continuing care retirement communities, care homes (United Kingdom), independent support living facilities (Canada), care homes with nursing (United Kingdom), and combinations thereof. The Outpatient Medical segment provides outpatient medical buildings. The company was founded by Bruce G. Thompson and Fritz Wolfe in 1970 and is headquartered in Toledo, OH.

Healthpeak Properties, Inc. Trusts & Funds | Irvine, CA

Healthpeak Properties, Inc. is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Senior Housing Triple-Net, Senior Housing Operating Portfolio (SHOP), Life Science, and Medical Office. The Senior Housing Triple-Net and Operating Portfolio segments manage senior housing facilities, which include independent living, assisted living and memory care facilities, care homes, and continuing care retirement communities by utilizing triple-net leases and RIDEA structures. The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space, and outpatient services such as diagnostic centers, rehabilitation clinics, and day-surgery operating rooms. The company was founded in March 1985 and is headquartered in Irvine, CA.

LTC Properties, Inc. Trusts & Funds | Westlake Village, California

LTC Properties, Inc. is a real estate investment trust, which engages in managing seniors housing and health care properties. Its property portfolio includes skilled nursing facilities, assisted living facilities, independent living facilities, and memory care facilities. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

Competitors
Ventas, Inc. Real Estate - Chicago, IL

Ventas, Inc. (NYSE: VTR), an S&P 500 company, is the leading seniors housing and healthcare real estate investment trust (REIT) in the United States, with a highly diversified portfolio of over 1,400 seniors housing and healthcare properties in 46 states, the District of Columbia and two Canadian provinces. Our balanced portfolio of high-quality assets boasts diversification across all key measures – geography, asset type, tenant/manager mix, revenue source and operating model. We are the largest owner of private pay seniors housing properties, and benefit from relationships with over 100 tenants and managers, including industry-leading tenants/managers such as Atria Senior Living Inc., Brookdale Senior Living, Inc. (NYSE: BKD), Kindred Healthcare, Inc. (NYSE: KND) and Sunrise Senior Living, Inc. (NYSE: SRZ). We also have a major national presence in the fast-growing medical office building (MOB) sector, owning or managing nearly 21 million square feet across our two leading platforms: Lillibridge Healthcare Services, Inc., a Ventas company, and Pacific Medical Buildings, our West Coast strategic partner. Almost all of our MOBs are located on campus, aligning us with over 60 leading health systems and hospitals. Our scale, portfolio diversification, best-in-class credit profile and financial strength, taken together, support our mission to deliver superior and reliable returns. From 2001-2011, our compound annual total shareholder return of 23.4% far outpaced both the healthcare REIT and the overall REIT indexes, and our total shareholder return was a remarkable 721.3%. Now, as one of the largest REITs in the United States, we are well positioned with the capital, relationships, management expertise and track record to take advantage of significant growth opportunities in the seniors housing and healthcare real estate industry, and to thrive in our next decade of transformation

Five Star Senior Living, Inc. Hospitals & Patient Services - Newton, Massachusetts

Five Star Quality Care, Inc., a national healthcare and senior living provider, offers the highest quality of care and service. Five Star has two major operating divisions: Five Star Senior Living and Five Star Rehabilitation Services. The Five Star Senior Living division includes more than 260 Independent Living and Assisted Living facilities, Skilled Health Care facilities, and Continuing Care Retirement Communities. Through its Rehabilitation Services division, Five Star operates rehabilitation hospitals and outpatient health rehabilitation clinics. Five Star is headquartered in Newton, Massachusetts. Our Standards senior care retirement communitesFive Star sets itself apart by setting its own standards – going above and beyond government requirements or traditional ideas about retirement living, whether in health care, housekeeping, dining or any aspect of community life. For one measure of our success, see the Industry Awards that Five Star has earned. Just as important, Five Star people share Five Star values; they’re committed to a higher level of caring in everything they do. That spirit guides all of the services that Five Star offers. Today, when every dollar has to work harder, so does Five Star. As you start exploring retirement options, you will find that Five Star gives you more, with no entrance fees and unusual flexibility, everywhere from funding options to special services.

Welltower, Inc. Trusts & Funds - Toledo, OH

Welltower, Inc. engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities. The Triple-net segment offers long-term/post-acute care facilities, assisted living facilities, independent living/continuing care retirement communities, care homes (United Kingdom), independent support living facilities (Canada), care homes with nursing (United Kingdom), and combinations thereof. The Outpatient Medical segment provides outpatient medical buildings. The company was founded by Bruce G. Thompson and Fritz Wolfe in 1970 and is headquartered in Toledo, OH.

Awards & Honors
Rank #515
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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