HCP Inc. is backing $630M acquisition led by Formation Capital and Safanad Ltd.
By Dan Larson
With senior housing properties in such high demand, prices continue to rise to record levels. As a result, many investors are looking across the pond to find opportunities.
Irvine, Calif.-based HCP Inc. (NYSE: HCP), is one such investor, as it recently announced that is involved as a lead investor on Formation Capital and Safanad Limited’s pending acquisition of NHP, an owner of 273 nursing and residential care homes in the United Kingdom (UK).
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