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Announced

Completed

Convivial Life completed the acquisition of Jacaranda Trace from Venice Florida Senior Holding.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Domestic

Single Bidder

Acquisition

Majority

United States

Friendly

Health Care Facilities

retirement living

Private

Synopsis

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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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