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Article: Brookdale Senior Living to Acquire 21 Senior Housing Communities.
- Article from:
- Obesity, Fitness & Wellness Week
- Article date:
- October 24, 2009
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Brookdale Senior Living Inc. (NYSE:BKD) (the "Company") announced that it has entered into a definitive asset purchase agreement with affiliates of Sunrise Senior Living, Inc. (NYSE:SRZ) to acquire 21 senior living communities that are currently owned by those affiliates for an aggregate purchase price of $204 million plus customary transaction expenses. The portfolio has a total of 1,389 units, comprised of 92 independent living units, 876 assisted living units and 421 Alzheimer's units. The communities are located in 11 states -- California, Colorado, Connecticut (2), Georgia, Indiana (4), Michigan, New Mexico, North Carolina, Ohio (6), Pennsylvania (2) and Virginia (see ...