Brookdale Senior Living Exploring Potential Sale According to Reports

By Sam Boughedda

Brookdale Senior Living (NYSE:) shares jumped Friday on news it is exploring its options, including a potential sale, according to Bloomberg.

Brookdale, one of the largest senior living community operators in the U.S., is said to be working with financial advisers to look for potential buyers, Bloomberg said people familiar with the matter told them. However, no final decision has been made and the company could opt not to pursue a sale.

Shares of Brookdale are currently up over 16% at $4.66. They initially hit a high of $5.18. However, its shares are down 37% in the past 12 months.

The company owns and operates retirement homes across the U.S., with over 675 senior living communities in 41 states. In 2021, the company sold approximately 80% of its healthcare services segment to HCA Healthcare (NYSE:) affiliates.

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