Ventas completes purchases from Holiday Retirement

|About: Ventas Inc. (VTR)|By:, SA News Editor

The all-cash deal was for the purchase by Ventas (NYSE:VTR) of 29 private-pay senior living communities located in seven Canadian provinces, with the majority in Ontario and Alberta. They will be managed by Atria Senior Living.

The financial impact of the deal is reflected in recently updated full-year normalized FFO guidance, which was boosted to $4.39-$4.43 per share from $4.31-$4.37.