Ontario Teachers’ Pension Plan selling Amica to US firm for $4.6 billion
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U.S. company Welltower Inc. has signed a deal to buy Amica Senior Lifestyles from Ontario Teachers’ Pension Plan for $4.6 billion.
The deal includes 31 seniors residences and seven under construction.
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As part of the transaction, Welltower will also acquire a minority interest in Amica’s management company with the Amica management team owning the majority interest.
Welltower CEO Shankh Mitra says the deal comes against a backdrop of rapidly growing demand and limited new supply for seniors residences.
Ontario Teachers’ first invested in Amica in 2010 and took the company private in a deal with management in 2015.
The deal with Welltower is expected to close in the fourth quarter of 2025, subject to customary regulatory approvals.
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