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Brookdale Senior Living Inc. (BKD) owns and operates senior living communities in the United States.
It operates through five segments: Retirement Centers, Assisted Living, CCRCs, Rental, Brookdale Ancillary Services, and Management Services.
The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
The Assisted Living 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 life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer's disease and other dementias.
The CCRCs - Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health.
The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services, as well as well as education and wellness programs to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements.
As of December 31, 2016, the company operated 129 retirement center communities with 24,339 units; 851 assisted living communities with 58,477 units; and 75 CCRCs with 20,558 units, as well as owned or leased 902 communities with 77,284 units and provided management services with respect to 153 communities with 26,090 units for third parties or unconsolidated ventures.
Shares have formed a bullish "cup and handle" that is supported by the stock's 50-day moving average. Note that yesterday Reuters reported that Zhonghong Zhuoye Group, which acquired a stake in SeaWorld Entertainment last month, is in discussions to acquire Brookdale Senior Living (BKD). The deal would be the largest takeover by a Chinese group in the U.S. senior care sector, and a test of the U.S. government’s openness to Chinese investments in healthcare services sectors, the report says. We beleive the sale price will be around $20-$22 per share.
52-Weeks Trading Range: $10.65 - $18.34
Entry Point: $15.10
Stop Loss: $13.85
Target Price: $16.65
BKD closed at $14.20. We believe the firm will be sold in the near future.
