Feb 20- Brookdale Senior Living Inc said it would buy Emeritus Corp for about $1.4 billion in an all-stock deal, creating the largest owner-operator of senior housing in the United States. Brookdale will also assume $1.4 billion of Emeritus Corp's debt.
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LONG BEACH, Calif.-- HCP Inc. is buying 133 senior housing communities for $1.73 billion from a joint venture between Emeritus Corp. and an affiliate of The Blackstone Group L.P.. Emeritus is also buying nine remaining properties from the joint venture for $62 million, which includes $10 million in cash and a $52 million four-year loan from HCP.
*Deutsche Bank starts Brookdale Senior Living, Capital Senior Living. *Deutsche Bank starts Emeritus Corp, Five Star Quality Care. Reuters Station users, click. 1568.
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*Stifel raises Emeritus Corp target price to $25 from $21; rating buy For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?