Brookdale Senior Living Inc. (NYSE:BKD) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET

Company Participants

Jessica Hazel - VP, IR

Lucinda M. Baier - President and CEO

Dawn L. Kussow - Incoming EVP and CFO

Conference Call Participants

Ben Hendrix - RBC Capital Markets

Tao Qiu - Stifel Nicolaus

Brian Tanquilut - Jefferies

Joshua Raskin - Nephron Research

Joanna Gajuk - Bank of America

Steve Valiquette - Barclays

Operator

Hello and welcome to the Brookdale Senior Living Fourth Quarter and Full Year 2022 Earnings Release and Conference Call. My name is Elliott and I will be coordinating your call today. [Operator Instructions]. I would now like to hand over to Jessica Hazel, Vice President of Investor Relations. The floor is yours, please go ahead.

Jessica Hazel

Thank you and good morning. I’d like to welcome you to the fourth quarter 2022 earnings call for Brookdale Senior Living. Joining us today are Cindy Baier, our President and Chief Executive Officer; and Dawn Kussow, our Incoming Executive Vice President and Chief Financial Officer.

All statements today, which are not historical facts, maybe deemed to be forward-looking statements within the meaning of the Federal Securities Laws. These statements are made as of today’s date and we expressly disclaim any obligation to update these statements in the future. Actual results and performance may differ materially from forward-looking statements. Certain of the factors that could cause actual results to differ are detailed in the earnings release we issued yesterday, as well as in the reports we file with the SEC from time to time, including the risk factors contained in our Annual Report on Form 10-K and quarterly reports on Form 10-Q. I direct you to the release for the full Safe Harbor Statement.

Also, please note that during this call, we will present non-GAAP financial measures. For reconciliations of each non-GAAP measure from the most comparable GAAP measure, I direct you to the release and supplemental information which maybe found at brookdaleinvestors.com and was furnished on an 8-K yesterday. Now, I will turn the call over to Cindy.

Lucinda M. Baier

Thank you Jessica. We are pleased to have you join our Brookdale team. Good morning to all of our shareholders, analysts, and other call participants. I hope you and your loved ones are well. Welcome to our fourth quarter and year-end earnings call. Dawn will speak to some of the fourth quarter performance drivers but given our January release which included an outlook revision, I believe our reported results should be largely in line with any updated Street expectations.