With a two-year of restructuring its portfolio and operations almost complete, Brookdale Senior Living (NYSE: BKD) believes it now has the foundation in place to generate consistent and sustained growth. In fact, the company’s 2020 guidance anticipates adjusted EBITDA to grow on a year-over-year basis for the first time since the Emeritus merger in 2015. Forging closer ties to health systems is one notable opportunity that Brookdale will now move to seize, CEO Cindy Baier told Senior Housing News. Heading into 2020, the Brentwood, Tennessee-based operator is betting that its senior housing portfolio makeup and scale is positioned to capitalize on expected tailwinds over the next several years, particularly with seniors in need of assisted living.
Read the full article: Brookdale Eyes Health System Opportunities as Assisted Living Turns a Corner //