From Nasdaq:

Brookdale Senior Living Inc. (BKD) completes two financing transactions to refinance its leftover debt maturities of 2024, extending the debt repayment timeline to September 2025. One transaction secures a $180 million loan with a fixed interest rate of 5.97%. The second transaction modifies the terms of its revolving credit agreement, increasing commitment capacity to up to $100 million. Brookdale has a pending financing transaction concerning 11 presently unencumbered owned communities and recently divested its 20% equity stake in its Health Care Services unconsolidated venture, generating aggregate proceeds of around $27 million. The set of financial transactions is aimed at strengthening the company’s liquidity position. Shares of BKD surged 120% in the past year compared with the industry’s 28% growth.

Brookdale operated and managed 672 senior living communities across 41 states as of Sep 30, 2023. The aging U.S. population is expected to sustain the solid demand for the healthcare services provided by BKD.

Some better-ranked stocks in the Medical space are DaVita Inc. (DVA), Align Technology, Inc. (ALGN) and Encompass Health Corporation (EHC). DaVita recently paid off $425 million of its TCW debt. Align Technology released its third-quarter results, beating earnings and revenue estimates. Encompass Health’s earnings beat the Zacks Consensus Estimate over the trailing four quarters, the average surprise being 17.33%. The Zacks Consensus Estimate for its 2023 earnings indicates a rise of 23.5% from the year-ago reported figure. Want to be tipped off early to Zacks Top 10 Stocks for 2024? The Zacks Top 10 Stocks gained +974.1% from 2012 through November 2023, nearly tripling the S&P 500’s +340.1%. Don’t miss your chance to get in on these stocks when they’re released on January 2.



Read more: Brookdale (BKD) Concludes Transactions to Extend Debt Repayment