NASHVILLE, Tenn., Jan. 9 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (the "Company") today announced that the Company's average occupancy for the fourth quarter of 2008 was flat with the third quarter of 2008 and that the Company experienced a growth in revenue per unit.
Bill Sheriff, Brookdale's CEO, said, "During the quarter, in spite of a challenging market environment, we retained the significant occupancy increase of the prior period and held our average occupancy flat at approximately 89.7%. Our revenue per unit for the fourth quarter of 2008 grew approximately 3% over the fourth quarter of 2007, excluding the ancillary services business. Including the ancillary services business, the fourth quarter revenue per unit growth was approximately 5.5%."
The Company is making this announcement for purposes of Regulation FD in anticipation of its upcoming participation in industry and investor conferences during which this information may be disclosed. The information in this release is preliminary, as the Company has not yet finalized its results for the fourth quarter of 2008. The Company anticipates releasing its full results for the fourth quarter and year ended December 31, 2008 near the end of February.
About Brookdale Senior Living
Brookdale Senior Living Inc. is a leading owner and operator of senior living communities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Currently the Company owns and operates independent living, assisted living, and dementia-care communities and continuing care retirement centers, with approximately 550 communities in 35 states and the ability to serve approximately 52,000 residents.
Safe Harbor
Certain items in this press release and statements made by or on behalf of the Company relating hereto may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations. These forward-looking statements are subject to the finalization of the Company's fourth quarter and year-end financial and accounting procedures and are also subject to various risks and uncertainties. Actual results and performance could differ materially from those set forth in the forward-looking statements. Additional factors and risks which could have a material adverse effect on our operations and future prospects or which could cause events or circumstances to differ from these forward-looking statements are detailed from time to time in our filings with the Securities and Exchange Commission.
