Profile: Brookdale Senior Living Inc (BKD.N)
23 Sep 2016
Brookdale Senior Living Inc., incorporated on June 28, 2005, is engaged in the operation of senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. The Company's Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors. The Company's Assisted Living segment includes owned or leased communities that offer housing and around the clock assistance with activities of daily life to mid-acuity frail and elderly residents. The Company's CCRCs-Rental segment includes owned or leased communities that offer a range of living arrangements and services to accommodate all levels of physical ability and health. The Company's Brookdale Ancillary Services segment includes the outpatient therapy, home health and hospice services provided to residents of many of the Company's communities, to other senior living communities that the Company does not own or operate and to seniors living outside of the Company's communities. The Company's Management Services segment includes communities operated by the Company pursuant to management agreements.
The Company owns or leases approximately 960 communities with over 81,070 units and provided management services with respect to approximately 160 communities with over 27,350 units for third parties or unconsolidated ventures, in which the Company has an ownership interest. The Company operates approximately 130 retirement center communities with over 24,490 units, over 910 assisted living communities with approximately 62,570 units and over 80 CCRCs with approximately 21,370 units. The Company offers home health services to approximately 66,000 of its units and outpatient therapy services to approximately 64,000 of its units.
The Company's retirement center communities consist of both independent living and assisted living units in a single community, which allows residents to age-in-place by providing them with a range of senior independent and assisted living services. The Company's retirement center communities are multi-story buildings containing on average approximately 190 units with common areas and amenities. Each retirement center community provides residents with basic services, such as meal service, around the clock emergency response, housekeeping, concierge services, transportation and recreational activities. Most of the communities also offer supplemental care services at an additional charge, which may include medication reminders, check-in services, assistance with activities of daily living (ADLs), and escort and companion services. In addition to the basic services, its retirement center communities that include assisted living also provide residents with supplemental care service options to provide assistance with ADLs. The Company's Retirement Center segment consists of over 90 retirement center communities with approximately 17,140 units.
The Company's assisted living communities offer housing and around the clock assistance with ADLs to mid-acuity frail and elderly residents. The Company's assisted living communities include both freestanding, multi-story communities and freestanding single story communities. The Company also operates memory care communities, which are freestanding assisted living communities specially designed for residents with Alzheimer's disease and other dementias. The residents at the Company's assisted living and memory care communities receive the basic care level, which includes ongoing health assessments, three meals per day and snacks, coordination of special diets planned by a registered dietitian, assistance with coordination of physician care, social and recreational activities, housekeeping and personal laundry services. The Company also offers exercise programs and programs designed to address issues associated with early stages of Alzheimer's and other forms of dementia. The Company's Assisted Living segment consisted of over 820 assisted living communities with approximately 53,500 units.
The Company's CCRCs-Rental segment owns or leases communities that offer a range of living arrangements and services to accommodate various levels of physical ability and health. Most of the Company's CCRCs have independent living, assisted living and skilled nursing available on one campus or within the immediate market, and some also include memory care and Alzheimer's service areas. The Company's CCRCs-Rental segment consists of over 40 CCRCs with approximately 10,420 units and over 30 CCRCs with approximately 10,940 units.
Brookdale Ancillary Services
Through the Brookdale Ancillary Services segment, the Company provides home health, outpatient therapy, hospice and other ancillary services, as well as education and wellness programs, to residents of many of its communities. The therapy services provided by the Company include physical, occupational, speech and other specialized therapy and home health services. The Company's home health services include skilled nursing, physical therapy, occupational therapy, speech language pathology, home health aide services, and social services as needed. In addition to providing these in-house therapy and wellness services at its communities, the Company also provides these services to other senior living communities that it do not own or operate and to seniors living outside of its communities. Brookdale Ancillary Services segment includes the outpatient therapy, home health and hospice services provided to residents of many of its communities, to other senior living communities that it do not own or operate and to seniors living outside of its communities.
The Company's Management Services segment includes communities operated by the Company pursuant to management agreements. In some cases, the community is owned by third parties and, in other cases, the community is owned in an unconsolidated venture, in which the Company has an ownership interest. Under the management agreements for these communities, the Company receives management fees as well as reimbursed expenses, which represent the reimbursement of expenses it incurs on behalf of the owners. The Management Services segment operates approximately 160 communities and over 27,350 units. It operates over 20 communities, representing approximately 2,210 units, for third parties and approximately 140 communities, representing over 25,140 units, for unconsolidated ventures, in which the Company has an ownership interest.
The Company competes with Five Star Quality Care, Inc., Capital Senior Living Corporation, Holiday Retirement, Life Care Services, LLC, Sunrise Senior Living, LLC, HCP, Inc., Ventas, Inc. and Welltower, Inc.
Brookdale Senior Living Inc
111 Westwood Pl Ste 400
BRENTWOOD TN 37027-5057