Deals
Brookdale Senior Living Is Exploring a Sale
- Company working with advisers to scope out potential buyers
- Brookdale subject to activist push, takeover interest in past
Photographer: Bartek Sadowski/Bloomberg
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Brookdale Senior Living Inc., one of the biggest operators of senior-living communities in the US, is exploring options including a potential sale, according to people familiar with the matter. The stock gained as much as 29%
The Brentwood, Tennessee-based company is working with financial advisers to scope out potential buyers, said the people, who asked not to be identified because the information isn’t public. No final decision has been made and Brookdale could remain independent.