Minding Your Business

Reporter Tad Sooter keeps tabs on the West Sound economy, nonprofits and health care.
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Posts Tagged ‘emeritus senior living’

Emeritus Senior Living to be purchased by Brookdale

Thursday, February 20th, 2014

Emeritus Corp., which operates senior living communities in Poulsbo and Gig Harbor, has agreed to a purchase by Tennessee-based Brookdale Senior Living.

The acquisition was announced in a news release Thursday. The transaction value totals $2.8 billion, including $1.4 billion in Emeritus’ mortgage debt.

According to the release, the acquisition will create a nationwide senior living network with more than 1,100 facilities in 46 states. The merger of the two companies will likely take place in late 2014.

We’ll check on what the implications of the purchase for local Emeritus clients could be. The Tacoma News Tribune has more details on the acquisition.