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adding, conversion, disagreement, Dr, forecasted, geopolitical, launched, launching, Michael, mutual, notified, piloted, Plano, ratio, recession, running, slightly, trend, twenty, unfilled, Wagner, yield
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Financial report summary
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Brookdale Senior LivingManagement Discussion
- We operate in two reportable segments: (1) residential and (2) lifestyle services. In the residential segment, we manage for others and operate, respectively, primarily independent living communities and assisted living communities that are subject to centralized oversight and provide housing and services to older adults. Included in the results of the assisted living communities are memory care living units. In the lifestyle services segment, we provide a comprehensive suite of rehabilitation and wellness services, including physical, occupational, speech and other specialized therapy services, in inpatient clinics and outpatient locations as well as home health and fitness services.
- For the three and nine months ended September 30, 2021, we recognized $2.7 million and $12.3Â million, respectively, of residential management fees related to the senior living communities and living units that we previously managed for DHC, that have been transitioned to other operators or were closed pursuant to the repositioning of our residential management business. We recognized lifestyle services revenue of $1.6 million and $1.5 million for the three months ended September 30, 2022 and 2021, respectively, and $5.2 million and $9.6 million for the nine months ended September 30, 2022 and 2021, respectively, related to the inpatient rehabilitation clinics. The decrease from the nine months ended September 30, 2022 as compared to the nine months ended September 30, 2021 was due to the closure of 27 inpatient clinics in the prior year. The information in the Key Statistical Data table below includes those senior living communities, living units and rehabilitation clinics in the results reported.
- All of our operations and assets are located in the United States, except for the operations of our Cayman Islands organized captive insurance company subsidiary, which participates in our workers’ compensation, professional and general liability and certain automobile insurance programs.