The Wyoming Business Report reported yesterday that Sunwest Management has tentatively agreed to sell 45 assisted living units around the nation in an effort to raise cash. The article states that the company is selling some of its more profitable units are in the sales agreement but the purchaser would not be named as final purchase and sale agreements have not been signed. Most likely Sunwest will use the proceeds from the sale to extinguish debt and provide some operating funds for continuing operations. We’ll post more as we receive information.
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