Publicly traded senior living company AlerisLife is being sold to a firm majority owned and controlled by Adam Portnoy, who is also CEO of the RMR Group. AlerisLife Inc. (Nasdaq: ALR) this morning announced it has entered into a definitive agreement with the firm, ABP Acquisition, to sell the company for $1.31 per share in cash, or approximately $43.8 million.
Read the full article: AlerisLife to Be Acquired by Portnoy-Led Firm for $44M //
Source: https://seniorhousingnews.com/2023/02/03/alerislife-to-be-acquired-by-portnoy-led-firm-for-44m