A United States District Court judge has approved a proposed $12 million settlement resolving a class-action lawsuit against Assisted Living Concepts and its former chief executive officer Laurie Bebo, the Milwaukee Journal Sentinel reports. Assisted Living Concepts and Bebo agreed to pay the $12 million cash settlement in early September. Judge J.P. Stadtmueller approved the […]
TPG
Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]
Assisted Living Concepts’ new CEO is touting staff training and technology deployment as key focuses of the newly-private company as it enters a “new era.” “As a private company over the next 100 days, our first effort will be to work with employees to jointly develop a new and clearly articulated mission, strategy, and culture […]
Private equity firm TPG has announced the completion of its acquisition of Assisted Living Concepts in a deal reportedly valued at $280 Million. Shareholders initially voted on the acquisition in May, and have agreed to receive $12 in cash for each share of Class A common stock and $12.90 cash per share of Class B common […]
Assisted Living Concepts, Inc. (NYSE:ALC), which operates 210 senior living residences in 20 states, announced today that it has agreed to be acquired by TPG, a global private investment firm. Under the agreement, ALC stockholders will receive $12.00 in cash for each share of Class A common stock, and holders of Class B common stock […]
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