"This acquisition is consistent with our strategy of owning and managing quality properties," says BSL president and CEO Brenda Bacon. "We continue to evaluate other growth opportunities in New Jersey, the Northeast and the Mid-Atlantic. We intend to expand the Brandywine standard in assisted living services."

BSL was acquired not quite two years ago by an affiliate of Warburg Pincus, which paid a group of investors $150 million for the company and its properties. Since then, Brandywine has more than doubled its community count and resident capacity to 18 communities in five states, with one community under construction in Delaware.

The newly acquired properties include Sycamore Assisted Living in Shrewsbury, located at 5 Meridian Way in that community, which has been renamed Brandywine Assisted Living at the Sycamore; and Colts Neck Village Assisted Living on Route 34 in Colts Neck, which is now called Reflections at Colts Neck.