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Article: High Point Enterprise, N.C., Business Briefs Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 31, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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High Point Enterprise, N.C. Knight Ridder/Tribune Business News
Dec. 31--MCLEAN, Va.--GROUP BUYS ASSISTED CENTERS: Sunrise Assisted Living announced Monday it has signed a definitive purchase agreement with Marriott International to acquire Marriott's wholly owned subsidiary, Marriott Senior Living Services, for $89 million in cash.
The subsidiary operates 126 senior independent full-service and assisted living communities. The facilities include Brighten Gardens of Greensboro at 1208 New Garden Road and Brighten Garden of Winston-Salem at 2601 Reynolda Road.
Sunrise will assume management of a resident capacity of 23,157 and expanded its ...