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Article: Chartwell REIT Completes Acquisition of Vancouver's CPAC Care.
- Article from:
- Business Wire
- Article date:
- July 11, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MISSISSAUGA, Ontario -- Becomes British Columbia's Largest Owner and Operator of Seniors Residential Facilities
Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) announced today that it had completed its takeover and acquisition of CPAC (Care) Holdings Ltd. ("CPAC") of Vancouver, British Columbia. Chartwell has now paid for and acquired all CPAC common shares and, as a result, indirectly owns all the issued and outstanding common shares of CPAC.
With the completion of this transaction Chartwell has become the largest owner and operator of seniors residential facilities in British Columbia. The acquisition also provides Chartwell ...