Sunrise Senior Living reaches agreement with Ventas for $41.5 million

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Sunrise Senior Living Inc. has agreed to sell 58 of its senior living communities to Ventas Inc. for $41.5 million.

The McLean-based company intends to use the proceeds from the transaction to pay down its debt and for working capital.

Sunrise will continue to manage the 58 senior living communities, as well as 21 communities that are already wholly owned by Ventas.

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