Saturday, Dec 03, 2016
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Economy

Health Care REIT buys stake in Canada market

Health Care REIT Inc. announced Tuesday that it had completed its acquisition of a 75 percent stake in 47 senior housing and care communities in major Canadian markets. Revera Inc. retains a 25 percent stake and will manage the communities.

The transaction was first presented on May 8.

Health Care REIT's share of the purchase price is $1.01 billion.

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