Brookdale Senior Living is poised to become the largest senior living provider in the country, through a $2.8 billion acquisition of Seattle-based Emeritus Corp.
Former House speaker Tip O'Neill famously said that all politics is local. Until last week, the same might have been said about senior living.
Brookdale Senior Living and Emeritus Senior Living will merge through a $2.8 billion deal, in a move that Brookdale CEO T. Andrew Smith said will be "transformative for the industry." The expanded Brookdale will consist of more than 1,100 communities in 46 states, making it the nation's largest senior living company, executives said.