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.
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.