NASHVILLE, Tenn., Jan. 11,
2021 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD)
reported today its consolidated occupancy for December 2020.
Observations:
- As expected, the sequential rate of occupancy decline moderated
in the fourth quarter.
- While a significant number of states are seeing a resurgence in
COVID-19 cases, 89% of Brookdale's communities were open for
move-ins on December 31, 2020,
reflecting the company's strong infection control protocols and use
of testing.
- As of today, around 90% of our communities have either
successfully completed or are currently scheduled for initial
COVID-19 vaccine clinics, with more clinics being scheduled
daily.
- For the fourth quarter 2020, we expect* to recognize
approximately $78 million from
government grant programs and approximately $30 million of COVID-related expenses.
- We expect to continue to publish monthly occupancy until we
return to providing financial guidance, at which point we would
expect to return to our historical reporting practices.
* This preliminary financial information is based on
management's estimates derived from the information available at
this time and is subject to revision upon finalization of the
Company's financial reporting procedures. Such information may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.
About Brookdale Senior Living
Brookdale Senior Living
Inc. is the leading operator of senior living communities
throughout the United States. The
Company is committed to providing senior living solutions primarily
within properties that are designed, purpose-built and operated to
provide the highest-quality service, care and living accommodations
for residents. Brookdale operates and manages independent living,
assisted living, memory care and continuing care retirement
communities, with 726 communities in 43 states and the ability to
serve approximately 64,000 residents as of December 31, 2020. The Company also offers a
range of home health, hospice and outpatient therapy services to
over 17,000 patients as of that date. Brookdale's stock is traded
on the New York Stock Exchange under the ticker symbol BKD.
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SOURCE Brookdale Senior Living Inc.