Brookdale Senior Living(BKD)
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Brookdale Senior Living(BKD) - 2020 Q2 - Quarterly Report
2020-08-10 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-3068069 (St ...
Brookdale Senior Living(BKD) - 2020 Q1 - Earnings Call Transcript
2020-05-06 16:44
Financial Data and Key Metrics Changes - Senior housing same community revenue grew 2% year-over-year and 2.4% sequentially in Q1 2020 despite the impact of COVID-19 on move-ins [28][19] - Same community operating income decreased 3.8% year-over-year but increased 3.8% sequentially [33] - Adjusted EBITDA for Q1 2020 was $185 million, compared to $117 million for the prior year quarter, including a non-recurring income benefit of $100 million from a management termination fee [35][29] Business Line Data and Key Metrics Changes - The home health business faced challenges due to the implementation of a new reimbursement model and a significant drop in medical referrals as COVID-19 spread [22] - The hospice business delivered 6.7% revenue growth compared to the prior year quarter, maintaining census similar to the fourth quarter [23] - Independent living move-ins improved in January and February but dropped in March, while assisted living and memory care saw occupancy drop late in the fourth quarter [31][32] Market Data and Key Metrics Changes - NIC senior housing stabilized occupancy decreased 30 basis points sequentially, while Brookdale's same community occupancy decreased 150 basis points [19] - As of the end of April, occupancy was reported at 80% [41] Company Strategy and Development Direction - The company is focused on maintaining safety protocols and enhancing infection control measures during the pandemic [9][10] - Brookdale aims to position itself as a trusted industry leader with healthcare referral partners post-pandemic [27] - The company is actively pursuing government support to mitigate increased costs due to COVID-19 [51][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate through the pandemic and return to a growth trajectory [27] - The company anticipates that the majority of its business is needs-based, which will continue to drive demand even after the pandemic [27] - Management acknowledged the challenges posed by COVID-19 but emphasized the importance of their proactive measures to protect residents and staff [41][18] Other Important Information - The company spent approximately $10 million on COVID-19 related expenses in Q1, with expectations for significantly higher costs in Q2 [38] - Total liquidity as of March 31 was $536 million, an increase of $55 million from year-end 2019 [39] Q&A Session Summary Question: COVID-19 positive patients and regional impact - Management noted less than 1% of residents tested positive, with higher prevalence in areas with intense community transmission [43] Question: April occupancy trends - Management reported that total move-outs improved year-over-year from February to April, but move-ins were significantly impacted during lockdown [44] Question: Higher COVID-19 related expenses and pricing - Management indicated that costs have increased due to PPE and sanitation, but passing these costs onto residents may be challenging due to their fixed income [51] Question: Timing for ramping up sales activities - Management emphasized the importance of testing and the reopening of the economy as key factors for resuming normal sales activities [56] Question: Conversations with REITs regarding flexibility - Management acknowledged that while some REITs are offering rent deferrals, they have not yet engaged in discussions due to their strong liquidity position [63] Question: Competitive environment and pricing strategies - Management stated that their focus is on quality and safety rather than discounting prices, emphasizing the value of their services [66]
Brookdale Senior Living(BKD) - 2020 Q1 - Quarterly Report
2020-05-06 11:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-3068069 (S ...
Brookdale Senior Living(BKD) - 2019 Q4 - Annual Report
2020-02-19 21:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-3068069 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S ...
Brookdale Senior Living(BKD) - 2019 Q3 - Quarterly Report
2019-11-05 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-306806 ...
Brookdale Senior Living(BKD) - 2019 Q2 - Quarterly Report
2019-08-06 20:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-3068069 (St ...
Brookdale Senior Living(BKD) - 2019 Q1 - Quarterly Report
2019-05-07 20:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 or ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ | --- | --- | |-------------------------------------------------------------------------------|--------------------------------------------| ...
Brookdale Senior Living(BKD) - 2018 Q4 - Annual Report
2019-02-14 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 20-3068069 ( ...