George L. Chapman

Joint ventures increase value of Health Care REIT's buyout of Sunrise by $1.3 billion

Joint ventures increase value of Health Care REIT's buyout of Sunrise by $1.3 billion

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Health Care REIT announced Tuesday that the value of its deal to purchase Sunrise Senior Living is no longer $1.9 billion, as announced last month. It's risen to $3.2 billion, thanks to value added by joint-venture acquisitions the two companies have agreed to.