Cogir, the US subsidiary of Montreal-based real estate firm Cogir Services, is buying out Cadence Living's shareholders, the companies have announced.
The combination of the two senior living operators will now encompass 60 communities including 8,000 units in nine states. The merged companies also will have about a dozen new developments in their merged pipeline.
Terms of the acquisition were not disclosed. Cogir CEO David Eskenazy will be CEO of the merged entity, with Cadence co-founders Rob Leinbach and Eric Gruber moving to senior VP roles.
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