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HCP to pay $6.1 billion for HCR ManorCare's nursing home properties


The biggest private-equity deal of the year is a bet on the aging of the baby boom generation, reports the Los Angeles Times.

HCP Inc., a Long Beach-based real estate investment trust, announced that it would pay $6.1 billion to buy the real estate assets of Toledo-based nursing home giant HCR ManorCare Inc.

Read the full story here.

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