HCP to acquire 133 senior housing communities

Published October 16, 2012 9:47pm ET



LONG BEACH, Calif. (AP) — HCP Inc. is buying 133 senior housing communities for $1.73 billion from a joint venture between Emeritus Corp. and an affiliate of The Blackstone Group L.P.

The deal announced Tuesday includes assisted living, independent living, memory care and skilled nursing facilities in 29 states.

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