Question-and-Answer Session Operator Operator instructions. Your first question comes from the line of Sloan Bowman of Goldman Sachs. Sloan Bowman - Goldman Sachs Just first a question on growth initiatives. You spoke a little bit about, particularly in the home health how you have gone outside of your network....
Sunrise Senior Living Inc. (NYSE: SRZ) completed the sale of 21 of its assisted living communities to Brookdale Senior Living Inc. (NYSE: BKD) for approximately $204 million. Shares of Sunrise rose 40 cents to close at $3.16 while Brookdale stock...
A record number of mortgage delinquencies sent the markets tumbling during the midday with the Dow plunging 131 points to 10,294. Nasdaq plummeted 41 points to 2151.
Brookdale Senior Living Inc. (NYSE: BKD) announced that it has completed its previously announced acquisition of communities from affiliates of Sunrise Senior Living, Inc. (SRZ). The Company acquired 18 communities and three additional communities were acquired directly from Sunrise by an unrelated third party. The aggregate net purchase price for the 18 communities acquired was $190M plus customary transaction expenses.
Brookdale Senior Living Inc (BKD). is a leading owner and operator of senior living communities throughout the United States.
Here is a look at the top scorchers of the third quarter; a period where the S&P 500 gained 15% - it's best return since we were building the last stock market bubble in 2008. Who says history does not repeat itself?[More...]
If Frank Quattrone could start over, he would be a REIT banker. REITs staged a huge rally this quarter, almost $15 billion in new equity has been raised through 45 public offerings this year, and even the Italians are descending upon New York to list new deals. With REIT stocks now being served up like Cannolis on Columbus Day, and consumed almost as fast by shell-shocked but somehow still hungry investors, you may have one question: What is Going On? One reason is that REITs cram down desperately need the money, and while not all are teetering on the brink insolvency, most will do almost anything[More...]
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