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Brookdale Senior Living

#5026

Rank

$1.28B

Marketcap

US United States

Country

Brookdale Senior Living
Leadership team

Ms. Lucinda M. Baier (Pres, CEO & Director)

Mr. Steven E. Swain (Exec. VP & CFO)

Mr. Chad C. White (Exec. VP, Gen. Counsel & Sec.)

Products/ Services
Elder Care, Facility Management, Health Care, Hospital
Number of Employees
20,000 - 50,000
Headquarters
Brentwood, Tennessee, United States
Established
1978
Company Registration
SEC CIK number: 0001332349
Revenue
Above - 1B
Traded as
BKD
Social Media
Overview
Location
Summary
Brookdale Senior Living Inc. owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors. The Assisted Living and Memory Care segment owns or leases communities consisting of freestanding multi-story communities and freestanding single-story communities, which offer housing and 24-hour assistance with activities of daily living for the Company's residents. This segment also operates memory care communities for residents with Alzheimer's and other dementias. The CCRCs segment owns or leases communities that provides various living arrangements, such as independent and assisted living, memory care, and skilled nursing; and services to accommodate various levels of physical ability and healthcare needs. It also manages communities on behalf of others. As of December 31, 2021, the company owned 347 communities, leased 299 communities, and managed 33 communities on behalf of others. Brookdale Senior Living Inc. was incorporated in 2005 and is headquartered in Brentwood, Tennessee.
History

When Brookdale was established, it developed large upscale urban retirement communities in cities such as Chicago, New York, and Miami. The early communities replicated five-star hotels like the Hyatt, Marriott's, and Hilton hotels of the modern era.

From the late 1990s to mid-2000s, Brookdale developed more communities that resembled earlier models, but also reflected changing retirement trends. The new communities included Continuous Care Retirement Communities , which house skilled nursing facilities, assisted living, independent living, and memory care facilities.

By 2005, Brookdale had grown to approximately 90 standalone properties. During this time Fortress Investments acquired the recently bankrupt Alterra Corporation's 300 properties. Brookdale merged with the American Retirement Corporation in July 2006. ARC operated approximately 130 properties. Fortress saw this as an opportunity to put Brookdale at the forefront of senior living, not just by sheer size but with the marrying of two of the longest-running and most successful companies in the industry. After the ARC merger, Brookdale was operating approximately 550 communities in 36 states.

In July 2014, Brookdale merged with Emeritus Senior Living and became the only national full-spectrum senior living company, with over 1,100 communities in 46 states and covering 80% of the U.S. population.

Mission
Enriching the lives of those we serve with compassion, respect, excellence and integrity. Every day is an opportunity for Brookdale associates to deeply connect with people in a profound and personal way. For our residents, we provide comfortable lifestyles and caring environments, with opportunities to improve wellness, fulfill lifelong wishes, and stay connected with friends and loved ones. And for those seeking help and information about senior living, we offer answers to their questions and solutions for meeting the unique and individual needs of each resident and their family.
Vision
With vision, commitment and keen attention to the details, Brookdale Senior Living has emerged as America s brand of choice for outstanding senior living. As testimony to their success, Brookdale Senior Living s communities consistently generate high resident satisfaction ratings, demonstrating the company s pride, commitment to quality, and service excellence.
Key Team

Mr. H. Todd Kaestner (Exec. VP of Corp. Devel. & Pres of CCRCs)

Ms. Sara Terry (Sr. VP of Resident, Family Engagement & Experience)

Ms. Jaclyn C. Pritchett (Exec. VP of HR)

Mr. Kevin W. Bowman (Exec. VP of Community Operations)

Ms. Kim Elliott (Sr. VP & Chief Nursing Officer)

Ms. Kathy Ann MacDonald (Sr. VP of Investor Relations)

Mr. David Cygan (Chief Marketing Officer)

Recognition and Awards
Brookdale Senior Living has been rated a 4.4 out of 5 stars for our commitment to enhancing the lives of our residents and providing quality care. In 2020, Brookdale was named one of the Top 100 Best Places to Work in the Senior Care industry by Great Place to Work® and Fortune Magazine.
References

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Brookdale Senior Living
Leadership team

Ms. Lucinda M. Baier (Pres, CEO & Director)

Mr. Steven E. Swain (Exec. VP & CFO)

Mr. Chad C. White (Exec. VP, Gen. Counsel & Sec.)

Products/ Services
Elder Care, Facility Management, Health Care, Hospital
Number of Employees
20,000 - 50,000
Headquarters
Brentwood, Tennessee, United States
Established
1978
Company Registration
SEC CIK number: 0001332349
Revenue
Above - 1B
Traded as
BKD
Social Media