TOLEDO, Ohio (AP) — Health Care REIT Inc. said Friday that as part of its acquisition of Sunrise Senior Living Inc., it has agreed to sell Sunrise's management company business to a group of health care and real estate investment firms for about $130 million.
The group includes affiliates of Kohlberg Kravis Roberts & Co., Beecken Petty O'Keefe & Co. and Coastwood Senior Housing Partners LLC. Health Care REIT said it will invest about $26 million for a 20 percent interest in the new entity.
The sale is set to close immediately before Health Care REIT's acquisition of Sunrise Senior Living.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
