-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NQGpd1jBNh95B4DdTeW9Kpd6bD08u4JBmfANiJR76fxPdGW4/Oeqrb3FgBZ8a+RU kgkerQSeNQbQLdLRn5S++g== 0001341004-05-000611.txt : 20051221 0001341004-05-000611.hdr.sgml : 20051221 20051221114127 ACCESSION NUMBER: 0001341004-05-000611 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051221 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051221 DATE AS OF CHANGE: 20051221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Brookdale Senior Living Inc. CENTRAL INDEX KEY: 0001332349 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 203068069 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32641 FILM NUMBER: 051277447 BUSINESS ADDRESS: STREET 1: 330 NORTH WABASH STREET 2: SUITE 1400 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: (312) 977-3700 MAIL ADDRESS: STREET 1: 330 NORTH WABASH STREET 2: SUITE 1400 CITY: CHICAGO STATE: IL ZIP: 60611 8-K 1 ny589566-6.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 21, 2005 (December 21, 2005) Brookdale Senior Living Inc. (Exact name of registrant as specified in its charter) Delaware 001-32641 20-3068069 - ------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 330 North Wabash, Suite 1400, Chicago, Illinois 60611 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (312) 977-3700 ---------------------------- - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 19a-12 under the Exchange Act (17 CFR 240.19a-12) [ ] Pre-commencement communications pursuant to Rule 19d-2(b) under the Exchange Act (17 CFR 240.19d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS Item 1.01 Entry into a Material Definitive Agreement On December 21, 2005, Brookdale Senior Living Inc. (the "Company") issued a press release, attached hereto and incorporated herein by reference as Exhibit 99.1, announcing the entry into a material definitive merger agreement (the "Merger Agreement") on the date hereof by its wholly-owned subsidiaries, BLC Acquisitions, Inc. ("BLC") and SALI Merger Sub Inc. ("Merger Sub"), with Southern Assisted Living, Inc. ("SALI"), whereby Merger Sub would merge with and into SALI. In exchange for all of issued and outstanding shares of capital stock, options and warrants of SALI, the current shareholders, optionholders and warrantholders of SALI would receive approximately $82.9 million in cash. Included in the transaction are 41 senior living facilities, with 2,887 assisted living beds, that are currently leased and operated by SALI. In addition, SALI manages one property for a third party. The facilities are located in North Carolina, South Carolina and Virginia. The transaction is expected to close at the end of the first quarter of 2006 and is subject to a forty-five day due diligence period during which BLC may terminate the Merger Agreement for any reason and without penalty, as well as landlord consent and certain other customary closing conditions, covenants, agreements and purchase price adjustments. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS Item 9.01 Financial Statements and Exhibits (c) Exhibits 99.1 Press Release dated December 21, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BROOKDALE SENIOR LIVING INC. (Registrant) /s/ Deborah C. Paskin ----------------------------------- Deborah C. Paskin Executive Vice President, Secretary and General Counsel Date: December 21, 2005 EXHIBIT INDEX Exhibit Number Exhibit - -------------- ------- 99.1 Press Release dated December 21, 2005 EX-99 2 ny590482.txt EXHIBIT 99.1 - PRESS RELEASE EXHIBIT 99.1 [GRAPHIC OMITTED] B R O O K D A L E SENIOR LIVING Contact: FOR IMMEDIATE RELEASE Francie Nagy Investor Relations 212-515-4625 Brookdale Signs Agreement to Acquire Southern Assisted Living Inc. ------------------------------------------------------------------ Chicago, IL. December 21, 2005 - Brookdale Senior Living Inc. (NYSE: BKD) announced today that it signed a definitive agreement to acquire Southern Assisted Living Inc. (SALI), a company based in North Carolina that operates a portfolio of senior living facilities, for $82.9 million. Included in the transaction are 41 senior living facilities, with 2,887 assisted living beds, that are currently leased and operated by SALI. In addition, SALI manages one property for a third party. The facilities are located throughout North Carolina, South Carolina and Virginia. The transaction is expected to close at the end of the first quarter of 2006 and is subject to a forty-five day due diligence period during which Brookdale may terminate the merger agreement for any reason and without penalty as well as landlord consent and certain other customary closing conditions. About Brookdale Senior Living Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities 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. The Company owns and operates independent, assisted and dementia-care facilities, with a total of 384 facilities in 32 states and the ability to serve over 30,000 residents. Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to our ability to close the acquisition, satisfaction of closing conditions, obtaining consents, the exercise of our due diligence termination rights, and the timing of the closing of the acquisition. Words such as "expect(s)" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; Brookdale can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Brookdale's expectations include, but are not limited to, whether conditions to the closing of the transaction will not be satisfied and other risks detailed from time to time in Brookdale's SEC reports. Such forward-looking statements speak only as of the date of this press release. Brookdale expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. For more information regarding Brookdale and to be added to our email distribution list, please visit http://www.brookdaleliving.com. -----END PRIVACY-ENHANCED MESSAGE-----