Brookdale Senior Living Inks $2.8B Deal For Emeritus

Law360, New York (February 21, 2014, 12:13 PM EST) -- Tennessee-based nursing home owner and operator Brookdale Senior Living Inc. will buy Emeritus Corp. in a stock and debt deal worth $2.8 billion, creating a major comprehensive senior living firm, the companies said Thursday. 

The deal, which includes Brookdale stock and the inclusion of $1.4 billion in Emeritus mortgage debt, will result in what the companies say will be the "first national senior living solutions company" in the United States.

Emeritus shareholders will receive 0.95 shares of Brookdale common stock for each share of Emeritus stock,...
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