Brookdale Senior Living(US:BKD)2020-11-09 16:11Company Overview - Brookdale operates 726 senior living communities across 44 states, serving approximately 65,000 residents[3] - The company is the 1 private pay provider of senior housing in the U S [4] - 65% of the target senior population lives within 20 minutes of a Brookdale community[4] Operational Trends - 11% of Brookdale's residents are Baby Boomers[4] - 29% of move-ins are under the age of 80[4] - 65% of Executive Directors have been with their community for 2+ years[4] - As of October 31, approximately 1% of residents were confirmed positive for COVID-19[13] - 95% of communities are open for move-ins as of October 31, 2020[16] - 75% of residents and family agreed programming resources and support for engagement had been provided during the pandemic[15] Financial Impact & Liquidity - The company estimates $161 million in lost resident fee revenue year-to-date[20] - COVID-19 costs incurred year-to-date total $95 million, with 51% attributed to PPE and medical supplies, 23% to labor-related expenses, and 26% to cleaning and other costs[21, 22, 23] - As of September 30, 2020, Brookdale had approximately $500 million in cash[26]