- June 22, 2021
- Posted by: Stratford Team
- Category: Business
Combined company will create North America’s second largest senior living operator
LOUISVILLE, Ky., June 21, 2021 /PRNewswire/ — Atria Senior Living, a leading operator of senior living communities across the United States and Canada, announced today it has entered into a binding agreement to acquire the management services business of Holiday Retirement. The transaction is expected to close during the third quarter of 2021, simultaneously with the Welltower (NYSE: WELL) acquisition of 86 Holiday owned and leased senior living communities, along with a long-term management services agreement with Atria. Holiday currently manages 240 communities in 43 states.
Atria Senior Living. (PRNewsFoto/Atria Senior Living)
“We will build the best pure-play management services business in senior living.”
Immediately following the transaction, the Atria and Holiday brands will continue to operate separately, with Holiday operations continuing to be supported by their…
