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Ventas Puts Its Money Where Its Mouth Is With $2.3 Billion New Senior Deal

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By moving to acquire New Senior (NYSE: SNR) in a $2.3 billion transaction, leaders with Ventas (NYSE: VTR) made good on recently stated intentions.

“We believe in the recovery story and are prepared to put our money where our mouth is,” Ventas CEO Debra Cafaro said at the Nareit conference on June 9.

The New Senior transaction is significant for Chicago-based Ventas and for the industry, as it relates to the blockbuster news last week of Atria Senior Living’s acquisition of Holiday Retirement’s management business, and the $1.6 billion acquisition of 86 Holiday buildings by Welltower (NYSE: WELL).

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The post Ventas Puts Its Money Where Its Mouth Is With $2.3 Billion New Senior Deal appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

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