Brookdale Senior Living, Chicago, agreed to buy 18 owned and leased senior-housing facilities in 10 states from privately held American Senior Living, Naples, Fla., for $124 million. The facilities include about 2,240 beds or units for independent living, assisted living or continuing-care retirement. For-profit Brookdale said that since an initial public offering in November 2005 it has bought or committed to buy $533 million in senior-housing assets, representing 8,000 units or beds. The company's operates 383 facilities in 31 states, serving more than 30,000 residents. The latest deal is expected to be completed in March, subject to conditions and possible multiple closings. It would leave American Senior Living with three facilities in Florida and one in Georgia, said Alan Parrish, president of the company. -- by Jessica Zigmond
Senior-housing firm to buy 18 facilities in 10 states
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.