Monday, November 20, 2017

© Reuters.  Brookdale sees as much as $13M hit to non-GAAP EBITDA from recent hurricanes; operating chief to depart October 28© Reuters. Brookdale sees as much as $13M hit to non-GAAP EBITDA from recent hurricanes; operating chief to depart October 28

  • Brookdale Senior Living (BKD +1.3%) expects a negative impact of $12M- 13M to 2017 non-GAAP EBITDA due to Hurricanes Harvey and Irma, $9M in Q3. It also expects to incur an additional $13M – 14M in capitalized costs for physical plant remediation, $5M – 6M in Q4 and the remainder in 2018.
  • Chief Operating Officer Labeed Diab will leave the company effective October 28 to pursue another opportunity.
  • Now read: Diversicare Healthcare (DVCR) Presents At The Sidoti & Company Fall 2017 Convention – Slideshow

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