BDT & MSD to acquire Sunrise Senior Living from PSP Investments
Funds affiliated with merchant bank BDT & MSD Partners agreed to acquire a majority stake in Sunrise Senior Living from the Public Sector Pension Investment Board, partnering with CEO Jack R. Callison, Jr. and the senior leadership team. Sunrise operates more than 230 communities across the U.S. and Canada serving over 22,000 residents, with a development pipeline of more than 50 communities costing roughly $7.5 billion. Terms were not disclosed.
Why it matters: Senior housing is drawing fresh capital as aging demographics tighten supply across North America.
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