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
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