$2.8 Billion Merger of Brookdale and Emeritus Creates Mega-National Senior Care Corporation

The official press release issued on February 20 confirmed big news in the senior care industry about the merger of Brookdale Senior Living, based in Tennessee, and Emeritus Senior Living, originally headquartered in Seattle.  Here are some of the details, as reported in the Nashville Business Journal:

“The company’s corporate headquarters will remain in Nashville, and members of Emeritus’ senior management team are expected to stay on board at the combined company. The merger will expand Brookdale’s unit capacity by two-thirds, pushing the company into 10 new states. In total, the combined company will have operating capacity of approximately 112,700 units in 1,161 communities in 46 states. Following the merger, a Brookdale community will be within 10 miles of 6.5 million seniors 80 years or older, according to the release.”

Emeritus earlier attracted high-profile press when it became one of the subjects of a Frontline series on “Life and Death in Assisted Living,” by Pro-Publica.  According to the Nashville Business Journal, as reportedly confirmed after news of the merger, “federal investigators are investigating Emeritus’ business dealings, including its Medicaid billing practices.”

It would seem this merger will continue to generate news for some time to come, as suggested by this press release from securities lawyers Deans & Lyons.