What happened Following a better-than-expected earnings report, shares of Brookdale Senior Living (NYSE: BKD), an operator of nursing homes, rose 21% as of 1:46 p.m. EST on Wednesday. So what Here are the headline numbers from the quarter: Revenue was down 8% to $987 million. The drop is a result of Brookdale choosing to sell properties to strengthen its balance sheet. On a same-community basis, revenue grew 2.1%. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 15% to $100 million. Operating income more than doubled to $88.1 million. Adjusted free cash flow was just $500,000. Net loss was $91.4 million, or $0.49 per share. That was more than double the $0.23 net loss per share that analysts were expecting. Management repurchased $6 million in common stock during the quarter. Image source: Getty Images. In 2020, management expects to generate $510 million to $540 million in adjusted EBITDA, and adjusted free cash flow is expected to be $70 million to $90 million. These numbers compare favorably to the $401 million in adjusted EBITDA and negative $76 million in adjusted free cash flow that the company reported for 2019. However, both of the 2020 figures will be aided by a $100 million management termination fee that it received from Healthpeak in January, so the outlook is not as strong as it might seem. While the quarterly results didn't look too great, traders appear to be reacting favorably to the upbeat guidance. Now what In theory, the gradual aging of the population should put the wind at the back of healthcare companies like Brookdale. However, the reality is that running senior living facilities is both hard and expensive, which puts the company in a difficult position. That's why my plan is to avoid Brookdale's stock for the foreseeable future, and focus my time and capital on companies with better growth opportunities. 10 stocks we like better than Brookdale Senior LivingWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Brookdale Senior Living wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Brian Feroldi has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source