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ACTS Retirement Life Communities
PA-Based ACTS Retirement-Life Communities Announces Agreement to Acquire Carlton Cove in Huntsville, Alabama
May 11th, 2008
ACTS Retirement-Life Communities, a premier not-for-profit senior living organization, announced that it has signed an agreement to acquire the assets of Carlton Cove, a continuing care retirement community (CCRC) in Huntsville, Alabama. The transaction is expected to close by May 30. Following the closing of this transaction, Carlton Cove will become the 19th ACTS continuing care community and the third retirement community the organization has acquired rather than built. ACTS is a mission-driven, faith-based company formed more than 35 years ago by a Pennsylvania pastor and members of a non-denominational church. "This acquisition is an exciting...
Source: Pharma Investments, Ventures & Law Weekly (2008-05-11)
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