How Brookdale’s HCA Deal Could Go Beyond Home Health

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Last week brought the news that HCA Healthcare (NYSE: HCA) is paying $400 million for an 80% stake in the home health and hospice business of Brookdale Senior Living (NYSE: BKD). The move had long been rumored, with Brookdale’s need to shore up liquidity in the face of pandemic-related expenses adding urgency in recent months.

The deal will bring the Brentwood, Tennessee-based senior living giant $300 million in upfront net proceeds, but the transaction should not be seen merely as a cash windfall. This appears to be a well-structured deal that is a win for the management team led by CEO Cindy Baier, who has been methodically working to turn around the company since taking the helm in 2018.

The post How Brookdale’s HCA Deal Could Go Beyond Home Health appeared first on Senior Housing News.

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