Of all the recently announced transactions related to Healthpeak’s (NYSE: PEAK) senior housing exit, Discovery Senior Living’s acquisition of 16 properties is especially noteworthy.
That’s because the deal brings Discovery’s portfolio to nearly 70 communities and makes the company one of the 10 largest senior living providers in the United States by unit count, according to 2020 data from Argentum. Bonita Springs, Florida-based Discovery is also using the acquisition to launch a strategy of creating regional sub-brands.
The news places the spotlight on a company that has been around since 1994 but has been particularly active in the last few years, striking partnerships with capital providers while also moving in new directions operationally, all in a bid to succeed where other companies have fallen short.
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