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Canadian senior housing operator Prima Living plans to keep expanding through acquisitions and is open to tapping public markets after buying nine retirement communities from Chartwell Retirement Residences for C$118 million ($83.7 million).
The deal adds 689 units in Ontario, bringing the Vancouver-based senior housing operator’s portfolio to 1,187 suites just over a year after its first acquisition in the province, underscoring the rapid pace of consolidation in Canada’s senior housing sector.
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