Brookdale Senior Living is For Sale!

Brookdale entered exclusive talks with China’s Zhonghong Zhuoye Group

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Zhonghong Zhuoye Group, which acquired a stake in SeaWorld Entertainment (SEAS) last month, is in discussions to acquire Brookdale Senior Living (BKD), Reuters reports, citing people familiar with the matter.

The deal would be the largest takeover by a Chinese group in the U.S. senior care sector, and a test of the U.S. government’s openness to Chinese investments in healthcare services sectors, the report says.

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs Rental, Brookdale Ancillary Services, and Management Services.

Brookdale entered exclusive talks with Zhonghong after the real estate and leisure group submitted a bid of roughly $3B, and after Brookdale drew offers from other parties that valued it at substantially below that, the report notes.

Brookdale has entered exclusive negotiations with Zhonghong after it made an offer of around $3 billion after receiving offers from other parties that valued it substantially below that, the people said on Tuesday.

BKD last traded at $14.49.

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