Discovery Senior Living explores sale above $1 billion
Reuters reports the operator of roughly 450 communities in 40 states is working with William Blair on a potential transaction.
At a glance
Discovery Senior Living is exploring a potential sale that could value the senior housing operator at more than $1 billion, according to a Reuters report republished by IREI.
The company is working with investment bank William Blair on a possible transaction and operates approximately 450 senior living and retirement communities across 40 states, per the same report.
The reporting describes an exploration of a sale, not an agreed transaction, and no buyer, price or timetable appears in the material.
Discovery Senior Living is exploring a potential sale that could value the senior housing operator at more than $1 billion, according to a Reuters report republished by IREI.
The company is working with investment bank William Blair on a possible transaction and operates approximately 450 senior living and retirement communities across 40 states, per the same report.
Discovery is backed by private equity firm Lee Equity Partners and Coastwood Senior Housing Partners, according to IREI's account of the Reuters reporting.
The reporting describes an exploration of a sale, not an agreed transaction, and no buyer, price or timetable appears in the material.
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