“Our firm has deep roots in seniors housing, and we have always admired the relationship-based care that Sunrise provides seniors across the U.S. and internationally. We are delighted to partner with Sunrise management and employees to continue to grow its platform and to maintain its longstanding legacy as the industry standard,” said Bill Petty, Partner at BPOC.The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2013. Simpson Thacher Bartlett LLP served as legal adviser to KKR and Paul Hastings LLP served as legal adviser to BPOC. Epstein Becker Green, P.C. and Munsch Hardt Kopf & Harr, P.C advised both KKR and BPOC. About Sunrise Sunrise Senior Living, a McLean, Va.-based company, employs approximately 31,600 people. As of June 30, 2012, Sunrise Senior Living operated 307 communities located in the United States, Canada and the United Kingdom, with a unit capacity of approximately 29,800 units. Sunrise Senior Living offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer’s and other forms of memory loss, as well as nursing and rehabilitative services. Sunrise Senior Living’s senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. About KKR Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $61.5 billion in assets under management as of June 30, 2012. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE:KKR).
About Beecken Petty O'Keefe & CompanyBeecken Petty O'Keefe & Company is a Chicago-based private equity management firm founded in 1996 to invest in middle-market buy-out transactions, recapitalizations, and growth platforms in the healthcare industry. BPOC evaluates, structures, and manages investments on behalf of institutional and individual investors. Since inception, BPOC has raised in the aggregate over $1 billion to invest in private transactions from its three committed private equity funds and third party co-investors. The firm is headquartered in Chicago, IL. For more information on BPOC, visit www.bpoc.com. Recent BPOC news: www.bpoc.com/news. About Coastwood Senior Housing Partners, LLC Coastwood Senior Housing Partners, LLC is an investment firm led by Daniel A. Decker that specializes in seniors housing and related services. About Health Care REIT, Inc. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2012, the company’s broadly diversified portfolio consisted of 1,010 properties in 46 states and Canada. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50408390&lang=en