Firm buys 26 independent living communities from Holiday Retirement
By Murray W. Wolf
Ventas Inc. (NYSE: VTR) racked up record profits during the third quarter (Q3) and completed a $790 million acquisition from Holiday Retirement. The acquisition of 26 independent living communities was not formally announced; the deal came to light during the Q3 earnings conference call the healthcare real estate investment trust (REIT) conducted with securities analysts Oct. 25.
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