Brookdale to Acquire Some Sunrise Facilities

Sunrise Senior Living has entered into an agreement to sell 21 owned assisted living communities, located in 11 states, to an affiliate of Brookdale Senior Living Inc., for $204 million.

The closing date is currently scheduled for November 16, 2009.

“This is another important step in our restructuring process and provides us with needed funds to pay down our bank line and with additional working capital,” said Sunrise CEO Mark Ordan. “We are particularly pleased that our residents and team members in these communities will join a fine and committed operator like Brookdale.”

I don’t normally report business news here except when it can directly impact residents and caregivers. How it will affect those soon to be under the care of Brookdale remains to be seen but families and residents at least need to be aware that changes could take place. And it is significant to note that Sunrise is struggling in some respects or it would not have sold these facilities. I do believe that all of these bottom line issues affect care at some point down the line.

So takeaway, be aware. Ownership, ownership structure, these are all issues that should weigh into decision when choosing care for a loved one.