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Tuesday, April 5, 2011

Leisureworld to purchase 2 properties for C$94.8 million from pvt co

Leisureworld Senior Care Corp will buy two properties in Ontario for C$94.8 million from privately held Liberty Assisted Living and will fund it through a bought deal and debt. Liberty Assisted Living provides management expertise to retirement facilities across Canada. Leisureworld will sell 3.81 million receipts at C$10.50 each, or about C$40 million, and raise C$55 million in debt.

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