CLRD - Clearday intends to acquire 2 senior living properties for ~$44M
- Healthcare services company Clearday ( OTCQX:CLRD ) said it has signed a nonbinding letter of intent to acquire two adjacent senior living properties in the south eastern area of the U.S. for ~$44M.
- The properties are projected to generate ~$8.5M or more in revenues, and also provide opportunities for additional revenues.
- The properties are on over 14 acres of land and provide independent and assisting residential care services for more than 200 people.
- A draft purchase and sale agreement are expected to be provided to the seller on or prior to Jan. 30.
- Source: Press Release
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Clearday intends to acquire 2 senior living properties for ~$44M