Sunrise Senior Living was acquired by Health Care REIT in an all-cash deal.
The Acquisition of Sunrise Senior Living
In August 2012, Sunrise Senior Living, which was based in McLean, agreed to be acquired by Health Care REIT. Health Care REIT, an Ohio-based owner of health-care properties, completed this acquisition as an all-cash transaction. The deal was valued at $845 million.
This acquisition represented a significant shift for Sunrise Senior Living, as its operations and properties were integrated into Health Care REIT's portfolio. The move allowed Health Care REIT to expand its presence within the senior living and healthcare property market.
Key Details of the Acquisition
- Acquirer: Health Care REIT (an Ohio-based health-care property owner)
- Acquired Company: Sunrise Senior Living (formerly based in McLean)
- Deal Value: $845 million
- Type of Transaction: All-cash deal
- Date of Agreement: August 2012
This strategic acquisition by Health Care REIT underscores the ongoing consolidation and growth within the senior care and real estate sectors, as larger property owners seek to expand their assets and market reach.
