OTPP's BayBridge Seniors Housing closes $578 mln Amica deal
BayBridge Seniors Housing Inc, an affiliate of Ontario Teachers' Pension Plan (OTPP), has closed its acquisition of Amica Mature Lifestyles Inc, a Canadian operator of seniors’ retirement residences. The deal, which took Amica private, was valued at about $578 million and will provide BayBridge with 25 luxury seniors' accomodations in Alberta, British Columbia and Ontario under the Amica brand. The acquisition was led by Teachers' Private Capital, the private equity investment arm of OTPP.
21 December 2015•2 mins read
