[Updated] Brookdale Expands Hospice Business as Home Health Takes Hit

Fierce competition and multiple hurricanes have eroded Brookdale Senior Living’s (NYSE: BKD) home health bottom line, but the provider sees opportunity in its burgeoning hospice business. The Brentwood, Tennessee-based company is the nation’s largest private-pay senior living provider and is also a major player in home health. Brookdale’s ancillary services took a hit in the third quarter of […]

HCP Move Could Pave Way for Big Brookdale Deal

HCP Inc. (NYSE: HCP) moved to reduce its exposure to Brookdale Senior Living (NYSE: BKD) and restructure its portfolio in a complex series of transactions, driving up share prices for both companies on Thursday. Brookdale is the nation’s largest private-pay senior living provider and is also a major home health provider. Irvine, California-based HCP is […]

Kindred to Be Tested Following Skilled Nursing Bailout

Question marks hover around Kindred Healthcare (NYSE: KND) following its decision to exit the skilled nursing facility business and double-down on home health and hospice. But while the move may create uncertainty, it should not be causing much surprise, according to Kindred CEO and President Benjamin A. Breier. Rather, ceasing to own and operate any […]