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New Deal


Announced

Reuben Brothers to acquire Avery Healthcare.

Synopsis

Reuben Brothers, a private equity firm, agreed to acquire Avery Healthcare, an operator of national care and elderly care homes. Financial terms were not disclosed. "We are delighted to announce this investment by Reuben Brothers which will improve our growth prospects as well as enhance resident and employee experience. We started our partnership with Welltower with a handful of properties in 2013. We are proud of our growth to 65 homes today and the platform we have built. Through our continued partnership with Welltower, and now joined by Reuben Brothers, the best days of this company lie ahead," John Strowbridge, Avery CEO and Founder.

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