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US: Healthcare buyout to turn Omega into $10B company

 |  November 2, 2014

An acquisition of Aviv REIT could turn nursing and assisted-living facility owner Omega Healthcare Investors into a $10 billion company, say reports.

Omega announced Friday that it plans to acquire Aviv, based in Chicago, for $3 billion. The takeover aims at reducing costs for both parties, reports say, as the US healthcare industry shifts away from hospital care.

Omega said it views the transaction as a merger, not an acquisition, and stressed the complimentary nature of their businesses.

Regulators and shareholders of both firms must approve the deal, which the companies say they plan to complete the first quarter of next year.

Full content: Baltimore Sun

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