Extendicare, ALC merge.
Under the deal, Extendicare acquired all outstanding shares of ALC at $18.50 per share, for approximately $129.5 million, according to Extendicare. The Canada-based long term care facility operator also gains ALC's 177 assisted living facilities in 14 states.
Before the merger, ALC was the nation's sixth-biggest assisted living facility chain, according to the Assisted Living Facility of America. Extendicare, which now has 440 such facilities across North America, was ranked 23rd.
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|Title Annotation:||Transactions; Assisted Living Concepts Inc|
|Publication:||Contemporary Long Term Care|
|Article Type:||Brief Article|
|Date:||Mar 1, 2005|
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