Market Overview

Kohlberg Kravis Roberts & Co Acquiring Management Company Business of Sunrise Senior Living

Share:
Related KKR
Benzinga's M&A Chatter for Wednesday January 28, 2015
Morningstar Analyst On KKR-LifeLock Rumor: 'I Don't Think KKR Would Want To Be Involved With A Business With Regulatory Risk'
Defense Stocks Are Fabulous - Cramer's Lightning Round (1/29/15) (Seeking Alpha)

Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), Beecken Petty O'Keefe & Company (“BPOC”) and Coastwood Senior Housing Partners LLC today announced the signing of a definitive agreement to acquire the management company business of Sunrise Senior Living, Inc. (“Sunrise”), a leading provider of senior living services and housing, for approximately $130 million. Health Care REIT (“HCN”) will also invest approximately $26 million for a 20% interest in the business. The acquisition is expected to close immediately prior to HCN's previously announced acquisition of Sunrise discussed below.

Posted-In: News Asset Sales

 

Related Articles (KKR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional