A joint venture between Revera and Axium has completed the acquisition of the care homes from Revera. Independent portfolio manager Axium owns a 75% equity interest, while Revera, a senior living owner, operator, and investor, retains the remainder. Rever will continue to run the homes

Date May 01, 2018

Type M&A Transactions

Subtype Transaction agreement announced

Subsectors Hospital & Healthcare

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A joint venture between Revera and Axium has completed the acquisition of the care homes from Revera. Independent portfolio manager Axium owns a 75% equity interest, while Revera, a senior living owner, operator, and investor, retains the remainder. Rever will continue to run the homes

Similar updates

▶EllisDon has announced that it has entered into an agreement to acquire the assets. The transaction is subject to the parties entering into a definitive purchase agreement which will contain customary closing conditions, including approval by the Ontario Superior Court of Justice in the proceedings of Carillion Canada under the Companies Creditors Arrangement Act (Canada), and other applicable approvals and consents, and is expected to close in April 2018
▶Arjun Infrastructure Partners and KKR have agreed to the acquisition. The transaction is subject to customary regulatory approvals and clearances. No financial terms are being disclosed
▶The Marguerite Fund II has signed an agreement to invest in the project

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▶Revera and Axium acquire 32 long-term care homes in Canada

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A joint venture between Revera and Axium has completed the acquisition of the care homes from Revera. Independent portfolio manager Axium owns a 75% equity interest, while Revera, a senior living owner, operator, and investor, retains the remainder. Rever will continue to run the homes

Similar updates

Related transactions

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