Announced
Completed
Financials
Tags
Completed
Domestic
Single Bidder
Acquisition
Majority
United States
Friendly
Health Care Facilities
retirement living
Private
Synopsis
Convivial Life, a not-for-profit organization, completed the acquisition of Jacaranda Trace, a senior living community, from Venice Florida Senior Holding, a condominium apartment homes and villas and healthcare units holding company. Financial terms were not disclosed. "We are excited about this opportunity and appreciate everyone's support. Our Board members, LifeStar, and others involved with the acquisition have taken extra measures to ensure we achieve a successful ownership transition and continue to focus on enhancing Jacaranda Trace's rich tradition in serving the residents and associates and being a vital community partner in the local area." Rick Grindrod, Convivial Life CEO.
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