Wednesday, August 22, 2012

Sunrise Senior Living bought for $1.3B by Health Care REIT

Health Care REIT Inc., of Toledo, Ohio, said it had agreed to buy Sunrise Senior Living Inc., which has 14 sites within 30 miles of Center City, for $14.50 per share in cash, or $1.3 billion.
Health Care REIT also owns the real estate of Genesis Healthcare Corp., a Kennett Square operator of nursing homes and rehabilitation facilities, and Brandywine Senior Living, a Moorestown assisted living company. Sunrise is based in McLean, Va.

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