Seniors/Aging News

Ontario Teachers'-owned BayBridge to buy senior homes operator Amica

(Reuters) - BayBridge Seniors Housing Inc, owned by Ontario Teachers' Pension Plan Board, is taking luxury senior homes operator Amica Mature Lifestyles Inc private for C$578 million. Amica's shares more than doubled to a record high of C$18.70 in late morning trading on Wednesday, just shy of the offer price of C$18.75 per share in cash. Vancouver-based Amica has 26 luxury seniors residential pr…

 
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