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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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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