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LifeHouse Retirement Properties, Inc.
LifeHouse Retirement Properties, Inc. Leads Winning Bidder Consortium in Pleasant Care Bankruptcy Auction
November 9th, 2007
LifeHouse Retirement Properties, Inc. (Pink Sheets: LHRP), is pleased to announce it expanded its geographical footprint and presence in California by becoming the winning bidder in the Pleasant Care 363 Bankruptcy Auction, closing on five leasehold skilled nursing communities on July 31, 2007. The "LifeHouse Consortium", including all the consortium partners, jointly acquired approximately seventeen skilled nursing and three assisted living facilities in the Pleasant Care Bankruptcy Auction, which included a total of 2,680 beds and approximately $135.7 million of revenue. LifeHouse acquired five skilled nursing facilities in the...
Source: Biotech Law Weekly (2007-11-09)
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