NEW YORK ( The Deal) -- Health Care REIT Inc., which last month said it would acquire Sunrise Senior Living Inc., said Tuesday, Sept. 18, it and its merger partner were buying out certain Sunrise joint ventures in deals valued at $710 million.Toledo, Ohio-based Health Care REIT on Aug. 22 announced plans to buy Sunrise for $1.9 billion in cash and assumed debt in a deal that would position it as one of the world's largest owners of senior housing facilities. The company said at the time that it would likely exercise options held by McLean, Va.-based Sunrise to acquire 100% ownership of certain joint venture properties.
Health Care REIT Adds to Sunrise Deal
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.