Brookdale reports Q1 adjusted EBITDA $124.1M vs. $97.6M last year

Reports Q1 revenue $813.86M, consensus $816.9M. The company said, “Our solid first quarter results and annual guidance raise are a testament to the significant momentum underway at Brookdale as we continue to meet the diverse needs of the large aging older adult population. The Board and management team are continuing to execute on our strategy to position Brookdale for accelerated growth. We are operating with purpose and are confident in our ability to deliver strong financial results, generate significant and growing cash flow, and drive substantial shareholder value creation, both this year and in years to come.”