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Healthcare M&A image Healthcare M&A » By The Online Investor Staff, updated Fri., Dec. 6, 8:29 PM Recent mergers and acquisitions in the Healthcare M&A category.

Slide #91. Brookdale Senior Living Inc. Emeritus Corporation

Acquirer: Brookdale Senior Living Inc. (BKD)
Acquiree: Emeritus Corporation (ESC)
Details: Brookdale Senior Living Inc. and Emeritus Corporation announced the signing of a definitive merger agreement to create the first national senior living solutions company. The combined companies will serve the growing market for senior living solutions as the single branded provider operating the only nationwide network of senior living communities with fully integrated ancillary services across the continuum of care. Following the merger, a Brookdale community will be within 10 miles of 6.5 million seniors 80 years or older. Under the agreement, Emeritus shareholders will receive 0.95 shares of Brookdale common stock in exchange for each share of their Emeritus common stock. Based on the closing price of each company's common stock on February 19, 2014, this exchange ratio implies a 32% premium on Emeritus' shares. The transaction value totals $2.8 billion, with the inclusion of $1.4 billion of Emeritus mortgage debt. The transaction is expected to have a neutral impact on Brookdale's Cash From Facility Operations in the first year of combined operations, which will grow to exceed $0.40 per share of accretion for the third year. The transaction is expected to close in the third quarter of 2014.

Brookdale Senior Living is a holding company. Through its subsidiaries, Co. is an operator of senior living communities. Co.'s Community offerings include: independent living, which is for middle to upper income seniors; assisted living and memory care, which provides housing and assistance to mid-acuity frail and elderly residents; and continuing care retirement, which provides living arrangements and services to accommodate various physical ability and health. Through its Health Care Services segment Co. provides home health, hospice and outpatient therapy services, and education and wellness programs, to residents of its communities and to seniors living outside of its communities.

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Brookdale Senior Living is a holding company. Through its subsidiaries, Co. is an operator of senior living communities. Co.'s Community offerings include: independent living, which is for middle to upper income seniors; assisted living and memory care, which provides housing and assistance to mid-acuity frail and elderly residents; and continuing care retirement, which provides living arrangements and services to accommodate various physical ability and health. Through its Health Care Services segment Co. provides home health, hospice and outpatient therapy services, and education and wellness programs, to residents of its communities and to seniors living outside of its communities.

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Company Name: 
Brookdale Senior Living Inc
Website: 
www.brookdale.com
Sector: 
Hospital & Medical Practitioners
Number of ETFs Holding BKD: 
26
Total Market Value Held by ETFs: 
$167.83M
Total Market Capitalization: 
$1.34B
% of Market Cap. Held by ETFs: 
12.49%
Company Name: 
Emeritus Corp.
Website: 
www.emeritus.com
Sector: 
Hospital & Medical Practitioners
 

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