Brookdale seals it: 41 facilities for $82.9 million
Brookdale Senior Living Inc. has completed its acquisition of Southern Assisted Living Inc. for $82.9 million.The acquisition includes 41 senior living facilities. Southern Assisted Living is based in North Carolina and operates facilities throughout North Carolina, South Carolina and Virginia.
The acquisition puts Brookdale among the top five owners/operators of seniors' facilities in the United States, based on 2004 units-managed figures. Brookdale owns and operates 445 independent, assisted living and dementia-care facilities in 32 states. The company, which is based in Chicago, went public in November 2005.